All Forum Posts by: Anthony Jacques

Let's say before I purchase any house, I have a combined DTI with my wife of 13% (Assuming gross income is used to calculate DTI). Let's say we use our combined income to then purchase a property we will live in and NOT rent out for at minimum 4 years, potentially 8. Our DTI is now 32%. Now in this scenario I may have maybe $10K to $20K for both a down payment (on an actual rental property which I will rent out) and repair/CapEx/Vacancy costs. I can either
A) Attempt to get a loan with that amount of money, with a 32% DTI OR
B) Drop my combined DTI to 22% and having about $50K but this would mean waiting until 2029.
Overall question: is it worth to start now and get into the game or wait a few years?

I don't think house hacking, at this point due to my family situation would be the best idea but I appreciate the idea! 

Regarding the other types of loans, based on your explanation the conventional loan seems to (on average) have a lower down payment but takes into account the normal loan factors whereas the debt service loan doesn't but with a slightly higher down payment, proof of income generation through the property, and never being able to live in it. A few questions on that 

1. Can I occupy the property if, say 20 years down the line I manage to pay off the loan (regarding debt service loan)?
2. Can I occupy the home using a conventional loan at any point?
3. This one is a bit more involved and I might make a separate post to get more feedback:
Let's say before I purchase any house, I have a combined DTI with my wife of 13% (Assuming gross income is used to calculate DTI). Let's say we use our combined income to then purchase a property we will live in and NOT rent out for at minimum 4 years, potentially 8. Our DTI is now 32%. Now in this scenario I may have maybe $10K to $20K for both a down payment (on an actual rental property which I will rent out) and repair/CapEx/Vacancy costs. I can either
A) Attempt to get a loan with that amount of money, with a 32% DTI OR
 B) Drop my combined DTI to 22% and having about $50K but this would mean waiting until 2029. 
Overall question: is it worth to start now and get into the game or wait a few years?

Okay that makes sense. Yeah I was tracking that VA could only be used for live-in properties. Can you explain your analysis regarding why 0% down is risky in today's market?

Thank you for letting me know! I really appreciate it! 

Thank you! I have like 3 other posts that are actually relevant so hopefully this doesn't overshadow those 

I cant seem to get my posts to work they just end up being replies. 

I have posted a few times and nothing seems to be popping up when i search for them. It's been a few hours just checking. 

I am looking to use a VA loan to get a house but want to purchase a rental property and get started on getting cashflow. I am very new to this but have read about half of The Book on Rental Property Investing. I have some debt I am paying off quickly (avalanche) and am wondering if I should try to get two loans, one from VA for my house and the other traditional for a rental property spread out over time while I'm paying this debt off, or wait a few years and be much more debt free. Can I get some advice on military friendly lenders with low down payment for purchasing rental property without using the VA loan or in general, how to navigate this to start my rental property real estate journey?

BLUF: Can anyone provide their process for estimating repairs, fair market rent, and CapEx on single family homes? Special processes for long-distance investing would also be useful.

I am completely knew to this (this is my first post, made my account like 5 minutes ago) and about halfway through The Book on Rental Property Investing and decided to do some practice analysis. I found that the three variables above (repairs, rent, and CapEx) seem like the most difficult to estimate but really make or break whether or not the investment is worth it. I was looking at a property near Goodfellow AFB on sale for $145,000, 3 beds 2 baths , single family home with about 1464 sqft in size. I was searching on Craigslist but couldn't find too many properties like this to make an accurate estimate for the Rent and without visiting the property and just looking online (doing long-distance rental investment) I can't seem to get an accurate estimate of repairs and CapEx. Can anyone provide there process on how they do this? I know the resources (Craigslist, local paper, other landlords , etc) I just would like to see how someone does these estimates either mathematically or the process they go through.

BLUF: Can anyone provide their process for estimating repairs, fair market rent, and CapEx on single family homes? Special processes for long-distance investing would also be useful. 

I am completely knew to this (this is my first post, made my account like 5 minutes ago) and about halfway through The Book on Rental Property Investing and decided to do some practice analysis. I found that the three variables above (repairs, rent, and CapEx) seem like the most difficult to estimate but really make or break whether or not the investment is worth it. I was looking at a property near Goodfellow AFB on sale for $145,000, 3 beds 2 baths , single family home with about 1464 sqft in size. I was searching on Craigslist but couldn't find too many properties like this to make an accurate estimate for the Rent and without visiting the property and just looking online (doing long-distance rental investment) I can't seem to get an accurate estimate of repairs and CapEx. Can anyone provide there process on how they do this? I know the resources (Craigslist, local paper, other landlords , etc) I just would like to see how someone does these estimates either mathematically or the process they go through.