All Forum Posts by: Corbin Dallas

Mike,

I heard all that depends on your lender. Some lenders dont even check if you use the home as your primary Residence (dont fake that.)

-Corbin

Team,
Any thoughts on renting your home financed with a VA loan? I think my mortgage payments are going to be too high to establish a positive cash flow. What are y'alls thoughts on refinancing with equity before I leave? Or would It be better to just sell and roll the equity into our next home?

@Joe Splitrock, thanks man. I think you're right and proposing a healthy mindset. Currently planning to finish my masters and keep saving, then get in with the savings. That's a smart point of view, I think, to consider the Masters as the side hustle. I am contractually locked in to my work for several more years, the MBA is just a "nice to have" since I have to be here anyways.

Excellent thoughts. Thank you.

Also, I'm trying to save 15-20%. for a down payment in my area, to answer Jeff's question .

My employer doesn't allow side hustles. And unfortunately my current job gives me no marketable skills in RE. Maybe I'll look into wholesaling, seems to be a reoccurring theme!

Also, they're paying for my MBA, which I'm getting at night. I've been reading James Kandasamy's book on passive investment, but that all seems super sketch and I want to get in by myself to mitigate some of that risk.

Hey Team,
Do any of you have suggestions for building wealth to afford down payments for conventional loans? I'm reading Brandon's book, Rental Property Investing, but many of the homes around me aren't cheap. Seems like I'm at a bit of a time disadvantage even saving $1K/mo.I have yet to read his book on investment with low or no money down, but it's in the mail heading my way.

Hello!
I'm in the research phase of my investing career. Looking to get into some SFRs here in Minot, ND. A little background: currently making 60-70k, saving $1000/mo (after IRA and Employer Defined Contributions Plan), currently around $10K in savings, trying to learn and save as much as possible for now.

Do any of y'all have any information, considerations, tips or tricks for investing in North Dakota? For those of you who aren't familiar, Minot has a lot of growth right now, but also a lot of 20-40's and 60-70's era homes. I've got a couple friends in the mix investing here whom I solicit for advice, but looking for any and all advice y'all are willing to pass. I guess my first question is to ask is: what are the right questions to ask? Especially considering the age of the homes here, I know there's opportunities, but it seems there's some real landmines as well.

God bless,
Corbin