All Forum Posts by: Christopher Aguilera

Hi BP Forum,

I'm a novice when it comes to REI and wondering if you guys can help me with my situation. I'm looking to refinance my VA loan with a conventional loan.

Currently, my home has about 170K in equity and I want to take out my VA loan using a conventional loan. The reason is so i can have my VA loan to purchase my next property. I want to prep my self for Real Estate Investing and wondering if i should refinance for the same amount of money I owe on my property; or take out some of my equity to have on the side and use that money to invest in real estate?

Anyone out there have any input on what would be the best strategy in using my situation?

Quick recap:

First: If I refinance I would have my VA loan with a conventional loan. I'll have my VA loan available to purchase a new home with little or no money down.

Second: If I take equity money out I'll have cash available to purchase more properties.

Thank you guys!!!

-Chris A

Novice REI

Hi BP Forum, 

I'm a novice when it comes to REI and wondering if you guys can help me with my situation. I'm looking to refinance my VA loan with a conventional loan.

Currently, my home has about 170K in equity and I want to take out my VA loan using a conventional loan. The reason is so i can have my VA loan to purchase my next property. I want to prep my self for Real Estate Investing and wondering if i should refinance for the same amount of money I owe on my property; or take out some of my equity to have on the side and use that money to invest in real estate?

Anyone out there have any input on what would be the best strategy in using my situation? 

Quick recap: 

First: If I refinance I would have my VA loan with a conventional loan. I'll have my VA loan available to purchase a new home with little or no money down.

Second: If I take equity money out I'll have cash available to purchase more properties. 

Thank you guys!!!

-Chris A

Novice REI

Hello Everyone, 

I'm pretty new to BiggerpPckets.com and wanted to say that this is the source that I was looking for to start investing. I been reading a lot of books, listening to podcast, and absorbing anything I can about real estate investing. I been learining quick a bit with BiggerPockets, Thank!

I'm trying to position myself to invest in rental properties and wanted to start with a multi unit properties that will give me a good return on my investment.

My Current situation is that live in Southern California and own a 2 room 1.5 bath, 1,200 sqft TownHouse that I bought in 2015 for 250K using a VA loan and now worth about 420K. My question is if its a good idea to refinance my house witha conventional loan to free up my VA loan and the VA loan on a my new investment property? or just wait and save up the downpayment to buy my next property? i know with the VA loan i have little to no downpayment.

I been talking to my parents and friends and they think i'm crazy for refinancing and saying that i'm lossing 5 years of loan paydown and starting with a brand new 30 year loan.

What do you guys think? Anyone out there in a similar situation or have insight on what i'm trying to do and accomplish?

Thank you all for your replies and hope to get some connections and friends through this!!!

-Chris A