All Forum Posts by: Augusta Owens

@Ryan Kelly this makes sense. I actually plan to put money down, but don't have a frame of reference yet of what a specific % looks like. I don't yet have an understanding of my market yet to know if I'm pursuing a 2 unit vs a 4 unit. I would prefer 4, but I have to make the numbers make sense for me and my current financial position.

I attended a webinar last night from a veteran who's been in real estate for years and understands use of the VA loan. So my understanding is it's still one of my best options for a loan.

I'm in the information gathering stage so any and all insight is greatly appreciated. Thank you sir! 

Good morning All,

I've been real estate curious to the point of obsession for about a month now, but in that time I've started to develop my tentative plans. I thought it prudent to run some questions by the plethora of savvy investors in this community.

I plan to begin now the process of finding a multi family property to house hack. I will most certainly use the VA loan for this first purchase as well as my benefits from my 100% VA disability rating.

1) Should I focus on duplex since they're most likely less expensive in my area in category A or B properties, or aim for more units?

2) Is there an income gap between going after 2 units as opposed to 4?

3) Is there an easy way to understand what price range I should stick to in my area, and should I focus on the best market or focus on the best price for properties?

4) Once I've lived in the property for the obligatory year, is that typically long enough to refinance and use HELOC towards my next property?

I have a truck full of questions, but these 3 specifically keep my brain awake at night right now. Thank you for your guidance.

@Preston Dean thank you sir! I haven't been this excited about something since starting Jiu Jitsu classes 10 years ago. I'm grateful for the advice and I am reading 2 of Brandon Turner books currently. The tip about ensuring the agents and loan officers are active on here are both prudent and wise. 

@Shayne Hickey I'm absolutely interested in the days and times of the meetup. I want to learn as much as I'm able to retain as quickly as possible. 

Hello all,

I'm completely green when it comes to real estate, as in currently learning the terminology new. I never thought about real estate being something I would be remotely interested in, I'm more of a combat sports guy. I just recently started a jiu jitsu academy with a couple of friends, and although I was not in the day to day grind of the process in finding a building and building the space out, I did become fascinated with the process. This lead me into Youtube and construction/renovations, which eventually brought real estate and investing onto my radar. I recognize how much work is needed to succeed in this industry, and thanks to the US Army working hard has never been an issue for me. I guess my first question, which I imagine is similar for many who enters into this forum, is what is the best first steps for someone who is interested in real estate and investing, but doesn't have a great deal of capital to begin the journey?

Thank you all in advance for your feedback, wisdom, and tips.