Buying your first property for investment.

[Anthony Stahurski]

I recently attended the "How a Newbie Can Start Building Wealth Through Real Estate" Webinar. I am currently wanting to buy my first investment property/ first property in general. What is some advice you wish you would have known before investing into your first property and or advice you wish you would have known to set your self up for a lucrative real estate business. I currently plan on using the VA Home Loan or the VA Home Renovation Loan. If anybody has better knowledge with financing deals or more knowledge with the VA Home Loan feel free to in-form me.

[Tj Floros]

Quote from @Anthony Stahurski:

I recently attended the "How a Newbie Can Start Building Wealth Through Real Estate" Webinar. I am currently wanting to buy my first investment property/ first property in general. What is some advice you wish you would have known before investing into your first property and or advice you wish you would have known to set your self up for a lucrative real estate business. I currently plan on using the VA Home Loan or the VA Home Renovation Loan. If anybody has better knowledge with financing deals or more knowledge with the VA Home Loan feel free to in-form me.

 Hey Anthony! 

Like you, my first deal I used a VA loan to buy a 3 flat here in Chicago. Without a doubt, the VA loan with 0% down is an AMAZING loan product. If I could go back in time, I would have used the VA renovation loan to buy and fund my first deal, mainly because you could put 0% down on the purchase price and rehab. I would recommend you use your VA loan to buy your first deal and then use an FHA loan to fund your 2nd deal. It also helps to work with a lender and an agent that have experience getting VA loans and offers to the closing table, it can be tricky at times getting sellers to accept a VA offer from a buyer because of the appraisal/ VA inspection process.

When it comes to using the VA loan there are some tips and tricks you can use to save money on the front end and even help you qualify you for a bigger loan that I learned over the years that I did not know when I used my VA loan.

DM me and I'm glad to talk about it offline.