All Forum Posts by: Cody Gentry

Thank you for your response Matt, that seems really simple. I guess I just felt in the dark about my role with the title company, home appraisal, and so on. Like whether or not I deal with them or the seller/buyer deals with them. 

Hello everyone, this may seem like a stupid question but I've just finished all my pre-licensing classes for the state of Ohio and i'd like to know what a typical transaction looks like. 

I know each transaction is different, but if someone could lay out the steps I would initially be doing from start to finish I would really appreciate it. They never really went over in depth what paperwork i'd be filling or what order everything is to be submitted. 

Welcome To BP, I'll be moving back to Cleveland this summer (military) so I hope we can get together and talk sometime. Good luck 

Thank you all for your input, the VA Loan seems like the most logical choice. I appreciate all of your help.

I'm transitioning out of the military this July, and will be taking 30 days of terminal leave in June. During this time I will have the chance to travel back to my Home of Record (Cleveland) and start checking out houses for me and my wife to buy.

We are first-time home buyers and have quite a few questions. So bare with me please. I've found a property that is listed for $79,000, but is worth at least $120,000. From what I can tell it does not need any structural repairs, just cosmetic work (bathroom, kitchen, etc). The house is certainly liveable "as-is" but I would like to update at some point. That being said, I'm stuck between 2 loans. VA Home Loan and the FHA 203k streamline.

- I know the VA Loan does not allow aid in repairs but since the house is good "as-is" we could refinance 6-12 months down the road and use the equity in the home to pay for the upgrades?

- Now with the FHA 203k i'm worried about the time frame I have, since I only have 30 days before I separate. Buying the home listed for $79,000 and tacking on $10-15,000 for rehabing costs (estimated) the likelihood of having the repairs done before we officially move down there are kind of slim. So having them done once we move in seems more realistic. 

My whole goal is to use our first house as a jump start to a career in flipping homes. We only plan on staying at this house for approximately 2 years, selling the home and using the profits as a down payment for our next home and a rehab property. I just don't know the best route to take. Any insight or advice would be greatly appreciated!

Currently live and operate in Norfolk, Virginia, and while on vacation visiting my wife's parents in San Diego, California I can't stop thinking I'd much rather pack up all my stuff and move out here. It's nice all year around, the market "seems" stable, but really how stable is it out here? I feel like all the shows over exaggerate the profits and potential for success. Id rather have an opinion from someone who's actually living it rather than a tv show tuned to get reviews. So, does anyone have any insight on the California investing side? Thank you all in advance!

Looking around to see if anyone from the Hampton roads / Norfolk area can recommend a good investor friendly title company that is familiar with Wholesaling? Assignments, double closing, escrow, etc. I'm pretty new to all of this. Thanks in advance!

I'm having difficulty understanding this type of wholesaling for some reason. And how often is this type of wholesaling used in today's market? Thanks in advance!

Most contracts do have clauses attatched to them. One of mine for example states, "that any debris, appliances, and non-structual items will be passed on to the buyer."

I've been looking around for quite a while now, and don't have access to my local real estate agent at the moment (currently underway, thanks big navy) but anyways I'm wondering if there are any local VA investors/wholesalers out there that have contracts/forms that they use and might be willing to send me?

Right now i'm using basic ones I got from a REI website, and i'm looking into having them printed out and taken to my legal department so they can see if I would be able to use them in the Norfolk/Hampton Roads area. Thanks in advance!