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All Forum Posts by: Chase Finn

Chase Finn has started 2 posts and replied 8 times.

Post: Real estate online course

Chase FinnPosted
  • Posts 8
  • Votes 3
Originally posted by @Aaron Poling:

Are you looking for real estate investors classes or real estate licensing classes? I use CE SHOP for my licensing and continuing ed and enjoy their format. 

 Real estate licensing . So I planned on using CE SHOP but I got a little discouraged when I seen reviews. 

Post: Real estate online course

Chase FinnPosted
  • Posts 8
  • Votes 3

Hey ,

Im from Maryland and I'm searching for an online course to complete. Does anyone have any good recommendations on online courses?

Post: Buying Home W/ No Employment

Chase FinnPosted
  • Posts 8
  • Votes 3
Originally posted by @Darius Kellar:

@Chase Finn I've been doing this for 5 years now and have done construction on nearly 20 property investments. And every time I here about multi family buying lol, I rarely see really good numbers that jump out. Good numbers meaning 40% returns over the entire investment in a year. On the other hand I have a laundry list of single family homes that bring these type of numbers. 

 If it don't make money it don't make sense.

Post: Buying Home W/ No Employment

Chase FinnPosted
  • Posts 8
  • Votes 3
Originally posted by @Ryan D.:

Are you still in the service? I believe there is a program available that allows you to buy while still technically on active duty but in the process of moving to SELRES through the VA. Banks will accept your Reservist pay as a source of income, the question is will it be enough? More than likely, no. I was a Reservist and have a good friend who just went through a similar process that almost bought via the program. If you still have time until you leave active duty, shoot me a message and I can get the details for you.

So I'm overseas currently I separate in a couple months June to be exact. The reservist income would just be needed on paper because remember I will be getting GI allowance as long as I'm full time in school. 

Post: Buying Home W/ No Employment

Chase FinnPosted
  • Posts 8
  • Votes 3
Originally posted by @Darius Kellar:

@Chase Finn if its your very first home, I recommend getting a single family home first. Because they are easier to resale for a profit, fix, and rent.  Getting a multi family on your first shot sounds cool until you realize those things.

It baffles me that the internet preaches to run and get a multi family home first.  Yea of course you can live in one side an rent the other side out. But ask yourself, the roofs larger, you will need another furnace, and resale upside. If you are selling multi family home. Most likely they are going to be an investor who is looking for a deal or atleast be looking for the numbers to make sense. your market to resale will be limited with multi family if you ever need to sell out. 

Hey, but if you know what your doing. Then Dive in head first!

 Yes, I most likely wasn't going to get a multifamily home. I guess you could say I really just want to buy a single family home and basically have a roommate that pays. I'm not trying to bite off more than I could chew. 

Post: Buying Home W/ No Employment

Chase FinnPosted
  • Posts 8
  • Votes 3
Originally posted by @Sam Shueh:

Go to your bank ask same question. The answers can be different for the amount borrowed.

 Thank you.

Post: Buying Home W/ No Employment

Chase FinnPosted
  • Posts 8
  • Votes 3
Originally posted by @Darius Kellar:

@Chase Finn Get a single family home first.  Getting a multi family home first is not for everybody.

 So I want a single family I don't have a family or anything just me. Just wanting to get the most out of it by house hacking and keeping as much as I can in my pocket.

Post: Buying Home W/ No Employment

Chase FinnPosted
  • Posts 8
  • Votes 3

I'm transitioning out of the military and looking to start college in the Philadelphia area with my Post 9/11 GI Bill. For those who don't know the GI Bill pays a certain amount of money every month aside from the college tuition. I was looking to buy a rental property and house hack. The question is how will I finance a home without employment? I will be a Navy reservist but I'm unsure banks will accept that as a source of income. I would highly appreciate any help with this.