All Forum Posts by: Anthony Matus

Thank you @Torrell Palmason, @Bogdan Constantin Stefanide, and @Bradley Dosch. I appreciate all that. To answer some of @William Collins’ questions and give more insight here’s the plan:

I don't have a ton to put down now which is why FHA is attractive. If the 203k is really that bad I could probably finance the renovation myself but still want as little down as possible.

I have very steady income and great credit. No debt. I might be a liability because of the amount of credit I can take out but i’ll leave that up to the lenders. 

My significant other and I are moving there in August of next year and right now it’s only for 6 months- could be 3.5 years but that’s not what I am planning for. I can afford buying something in February/ March to have ready by August. That could mean ready for me but I could also rent it sooner.  I want to be within a 20 minute drive of Groton and while I may not be staying long term, my job will certainly bring me back. I haven’t done a ton of research yet into the market but I did rent in Pawcatuck for 3.5 years and I loved that area. Wish I owned the multi-family house I lived in! Electric Boat is bringing more and more jobs in as they continue to rack up government contracts to build larger and larger submarines for the foreseeable future. I’m super curious about the appreciation of New London- wasn’t great when I was there these new employees have to be going somewhere right? Mystic is ideal but historically expensive. I would love to house young military professionals and or electrical boat employees. 

Hey hey, Anthony from San Diego here. Moving to SE CT next summer and I want to purchase my first investment property. Looking to discuss FHA options. If I can, I would like to purchase a triplex or quadplex I can house hack. I am interested in something that requires work so I can also finance the renovations with FHA. Thanks!

-Anthony

Thanks! @Jeff Shumway

Thanks @David Frandsen! I will absolutely need help along the way. 

@Doug Spence that seems to be the move! I need to run numbers for something in  CT where I know I will be for at least 6 months and account for the higher taxes. I also am not familiar with renter-landlord laws. 

To be transparent I started the class out of boredom during quarantine last year. The class is structured in such a way that you can't test until you've been in the course for like 3 months despite the fact that it's self paced. Furthermore, CA application processing delays were like 3 months out. By this time I was slammed at work and started grad school. I finally applied to schedule an exam last month. Now it's more of a finishing something I started mentality. I have developed a great relationship with a couple realtor's though. Worst case I can leverage the MLS and try and get some send referrals to my now good friends.

@Forrest Williams Thanks for sharing! I am trying to figure out the best way to leverage the first VA loan. Considering using it for a primary residence when I move to CT next year-that branches into what kind of property do I buy? Single home, multi home? The other option is rent in CT, save VA, and invest with a down payment in something out of state. I need to do research in the new london/stonington/groton area for renting. Maybe I can find a multi home that isn't overly expensive and do both! Ct and RI aren't great states for taxes either though.

Thanks @Justin Windham

Thanks @Anthoney Hanks

Thanks @Julio Gonzalez

@Marcus Long Thanks for the tip! I know absolutely nothing about limited partner positions but will start my research. I’m glad you know about the bonuses. In a more secure setting I would definitely enjoy talking specifics. That is absolutely how I plan to start investing and I am planning to use each bonus and hopefully snowball the investments.