All Forum Posts by: Asa Gunderman

Perhaps the demand was so high that we DDoS'd the server. :)

If I was in your shoes, I might put half of the funds into multi family properties and lend the other half out as a HM lender. You could also buy notes.

would an air compressor do the trick?  

I've noticed the same thing really just in the past day or so.  Glad to hear about an update to the iOS app.  Thank you!

Nope, the only way to use a USDA loan for non owner occupancy is to go the commercial route with a 5+ unit building and it won't be 100% financing. I've known people who tried to use their va loan like you are suggesting and found themselves with a letter stating they had to move into the property immediately or risk losing it. I imagine USDA would do the same.

Is this real life?

FHA 203k is your best bet. I would not consider hard money for your first property. If the repairs will cost less than $15k (don't quote me on the exact number), you can do the streamlined version and close a little faster. If you go this route and are not a contractor by trade, you will need to get a general contractor to bid the job. Make sure they are familiar with the FHA process, which pays the contractor in draws as work is completed. It's really not difficult and you will be glad you did it. I might would even push you to consider a multi family so you can cash flow in your first property.

Navy federal will do 100% loans and at least in our case they gave us $1000 after closing. Purchased this house a year Ago at 3.5% fixed @30 year. Our now rental was also purchased from navy fed 100% financing 3 years ago 4.2% @30 year fixed. They will work well for your strategy, but not when you go to buy straight rentals. They like 15 year terms and 25% down for investment properties. Buy, live 2 years, rent, repeat and you can keep using them.

I wouldn't stress it. Just list at the 149. When I search on Zillow, I just put my own range in. I imagine many others do too.

Victor Valle why not use FHA 203k right from the start. Since it is a rehab loan, they can roll in the rehab costs. You should be able to close in less than the 2 months.