All Forum Posts by: Alan Robert Litz

If you find the deal you can always bring a partner on board as well that has the credit. Private money lenders will be able to help you as well. Most private money and hard money lender are willing to lend as long as it's a deal!

Hey Sam! do you plan to live in that property? It has to be your primary residence to be able to use your VA loan. Also if you have a single-family house already sometimes loan underwriters don't approve you moving from a single-family to a multifamily. It all depends on the lender really. We have a single-family property that will not be far from the casino that we are looking to wholesale if you might be interested in that.

Rob is right! @Mel Volland is awesome in that market! Hit her up for sure!

does propstream not have the data?

@Miguel Devaughn Hey Miguel. One of my partners is a class A contractor. I can get you in touch with him if you’d like!

Are you searching for properties on the MLS? If so you are probably getting beat out by people actually looking to get into a home and investors that are willing to take less. There is such low inventory it is crazy competitive meaning yes people are buying at lower margins.

Hey Cesar! House hacking is definitely a great way to start off! Especially with the ability to use your VA Loan! Finding small multifamily can be tricky considering a lot of people are looking for it. Finding a house with a lot of bedrooms might be more ideal and easier to find! Being in the military I'm sure you could find roommates very easily. I got out a little over a year ago and decided to stay in this area! I would love to connect more just message me!

Hey Reginald,

Yes to be able to use your VA loan you will have to show that steady income. If you were to do an off-market deal you could possibly use private money but that's a different route. I could be wrong but I dont think you are able to use your GI bill for your RE License. It really isn't that expensive anyway.

Try and network with as many people as you can out here. That is the best advice I can give.

Are many people on here familiar with Installment sales? I basically get the gist of it where you sell the property with seller financing. The seller then defers Capital Gains taxes because it is an interest-only loan with the principal being paid off further down the road. Just trying to figure out exactly how it works. Any input is appreciated! Thank you in advance!

When doing a Subject To deal who is the loan still under or how does it actually work? I have heard two scenarios, and I don't know which one is right. The first is that that the seller keeps the loan under his name. You then pay him and then he pays that debt. The second way I have heard it is you assume the loan from the seller and now you pay that debt. Any help in clarifying this would be greatly appreciated!