All Forum Posts by: Alex Winfield

Thanks for chiming in Patti! It would be great if there was a way to find out which banks offered the Vendee loan so we could target them a little better. I agree with you on the value of the assumable VA loans as interest rates continue to go up. Those 4% loans are going to be worth a whole lot if interest rates make it into the 6's and 7's. Seems like Vendee program might be a good vehicle to capitalize on the VA foreclosures in our area. Patti, do you know any lenders in our area that rep this product? Or does anybody know any national lenders that specialize in these?

I appreciate the info on that.  Those links are helpful.   It all seems pretty feasible and attractive, but curious if there are many lenders or investors actively taking advantage of the program.   As good as it sounds its just hard to believe everyone and their brother isn't taking advantage of it.   

Just got an inquiry in an REO group I host about a VA Vendee loan. I honestly had no idea what he was talking about, but when he mentioned VA loan"ish" on an investment property for 5% down I figured it was worth a little research. I'm having trouble finding any real solid information, experts, or sources on the subject, so I figured I would reach out to the BP community. Any guidance would be greatly appreciated as I live next to the largest Navy base in the world in Norfolk VA. Keeping fingers crossed for a sweet new tool to add to the investor belt!

Thanks! 
Alex 

Hey Taylor,
Just catching the post now, and think there is some pretty solid advice up there. I am a strong believer in House Hopping and House Hacking if you can. Like Stephanie Potter said it is the best bang for our buck. It is also a very limited amount of risk. If you still have your VA loan at all available, some banks have recently come up with a VA rehab loan on single family and duplexes. Buy a Duplex and live in one side and put in some rehab to up the value. You will get a ton of experience with limited risk and save your cash for the next deal. And,.... you can do it more than once if life allows.

Good Luck! 
Alex 

This Group, “Hop-portunity Investors” is really about getting to know Real Estate Investing Strategies and Financing options, and the application of those in this Hampton Roads market. We bring in industry professionals and experts to give us insight on relevant topics while we learn and discuss those ideas over some cold, tasty, and preferably Craft Brews.  Lastly, networking is a huge element to this group. At some point in this industry you are going to need somebody's help whether its someone's skills, their experience, their money, or ideas…. having the right people around you is crucial. One year and counting!  

This month:   From 0-100 doors in 6 years in Hampton Roads! 

 Our guest speaker Jim Callahan tells us how he did it, and all kinds of other stuff!   Located this month at the Killer new Brewery "Smart Mouths Virginia Beach Pilot House" Tuesday night at 8:00 PM.  

Hop-portunity Investors,  Real Estate Investing and Beer!

Hop-portunity Investing is a group that meets up once a month over craft beers in Hampton Roads to network, find deals, and get educated in Real Estate Investing. Our group includes both new members and experienced members who have been working in Hampton Roads Real Estate for years.  

We are more than just a meet-up or mastermind, however. We also have a Facebook group where we can continually discuss new developments in Hampton Roads Real Estate and brainstorm with each other. Every quarter we have we have a guest speaker come to the group and discuss their sub-area of expertise within the Hampton Roads Real Estate market. Past and future topics include: wholesaling, rehabbing, airbnb, house hacking, and long-term rentals.

For more info please check out our facebook page at https://www.facebook.com/groups/136921563614517/

or contact Alex Winfield at [email protected]

Hope to see you out for some beers and REI!
Alex 

I would love to hear more about your products that could serve the BRRR strategy.

Thanks Kerry,
Alex

I actually just read about that in the recent bigger pockets blog that came out. Where does that money from escrow come from? Is that money that the lender is going to lend you based on your ARV? Just trying to process how that all works in the real world. I will run it by some lenders for sure. Thanks for the feed back.

Hey all, my self and many of my clients are looking to use the BRRR strategy to buy investment properties. The big problem is that most Lenders and Hard Money lenders I work with don't seem to know or offer products that can work with this strategy. Does anyone know lenders in the Hampton Roads (Virginia Beach and Norfolk) area of Virginia that have experience in this sector?

Any guidance would be greatly appreciated! 
Alex