All Forum Posts by: Corey Abrams

@David Friedman thank you for the tips, I will give some of those a try, i haven't used meetup yet I'll have to check that out. maybe a title company can help with a list of vets who have used there va loans already to market listings or to inform them of there extra entitlement. 

@Matthew Smith So you already conducting education seminars for active duty military on base? That would be an excellent strategy, especially since being a former vet we had no training on va loans before we were put back into the civilian sector. 

Great advice everybody, extremely creative, these are exactly the kind of ideas I'd hope I would get from the members.

@Michael Murphy I read about this 2nd tier entitlement after I listened to podcast episode #163 with @Bill Allen. I called the local va regional authority to find out if it was possible. They transferred me over to Cal Vet. I spoke with an expert in VA loans, I told her of my plan and she ok'd everything as well as saying the 2nd tier entitlement was an option too. 1 trick that I may have to do, is to qualify for that 2nd home, I may need to get a signed rental agreement from my future tenant, that way she can factor in 75% of the rental income for my house, this way I can qualify for the other property. This signed lease would be an easier option ,rather than renting it out first then buying the 2nd home, because I won't have a place to stay in the meantime.

I would advise you to checkout the va entitlement for your city, they do change. I believe the VA's website has a map that will tell you what that value is, this way you can plan your strategy accordingly.

@Greg H. I see your point in terms of active duty military being able to keep tabs on there properties, especially being oversees/deployments. That could turn into a real mess, i wouldn't wish that on somebody unless they had a responsible family member looking over there property while they are gone, and set up with an amazing property management company. My marketing is tailored generally for veterans, Post service men and women who have jobs with the means to buy/sell property/or investment properties. 

I myself am using my wife's va loan to house hack a triplex here in my town, while renting out my current primary residence which I have a va loan on. I still have almost 100,000 in entitlement left in my va loan if I wanted to do a 2nd tier. But it seems unlikely that I will find a property in Southern California for that price range.

My other military buddies who buy in the 200,000 range have a better shot at using their 2nd tier entitlement for a 2nd home in the future seeing as they have another 200 something thousand left to use on another primary residence. 

So the key I think is education for my fellow veterans. If they knew this strategy from the get go they could really take advantage and use half of there entitlement on the first home, then rent the first and buy another with the remainder of there entitlement. 2 properties with 1 va loan, and now they have entered the world of buy and hold investing, and all with no money down.

@Bill Allen talks a little bit about it as an active duty service member in the podcast episode #163.

@Shawn C. I really like that idea for the voucher program, very creative especially since being in front of renters who can ultimately become buyers later on can work out well, I will check that

 @Timothy Tooker Great advice with the VFW's, I might even consider trying to get a hook up in the local naval base maybe to do a seminar for veterans. 

Thanks guys!!

I am a Navy Veteran and real estate agent in the Inland Empire, Southern California and am looking to help other veterans find homes and take full advantage of there VA loan. I've done a lot of research on VA loans and came across 2nd tier entitlement. If a veteran uses there va loan they may have more entitlement left to purchase another primary residence in the future. I would like to market to veterans because while in your in the service nobody tells you this stuff! So education for our service members is crucial. Any tips on how to get a list of veterans from a title company? Or a list from the VA, just trying to figure out ways to get in front of my fellow veterans to educate and help them out. Any advice would help! Thanks

I found Bigger Pockets a few months ago and have been a Podcast addict. Any chance I get I am either listening to an episode, reading a book, researching, whatever I can to gain as much knowledge as possible to build my own investment business in the future as well as be an asset to others. I currently am a real estate agent and have another job as a mechanic/electrician to pay the bills which as soon as I can make enough money with my real estate commissions and/or investments I will leave it. I am obsessed with real estate and cannot wait to do it full time. I am currently researching how I can house hack a triplex in my area with a va loan, move out of my primary residence and rent out that as well. Episode 163 with @billallen got me thinking about using my va loan as well as my future wife's va loan to our benefit. I think this will help me get into the business and start gaining practice investing experience. Glad to finally make my presence known on the forums and I hope to meet experienced investors that I can learn from and network with.