All Forum Posts by: Deren Huang

Sorry for the late response, It's hard to tell without any pictures or any other details, 2000 seems high but could be the whole entire demo cost.

*I am not a VA expert*

VA loans since 0% down are very particular in the condition of the home being financed.

Most likely your name could not be on the deed, it would just be your father. 

You could make an agreement between you guys outside of holding title together, but not as secure. 

If it is in a transitional neighborhood, I would replace all the hardware and keep the originals in storage. But like some people said, it is a paint to try to match the doors up!

If you ever decide to sell and the craftsman style is what the people want, you have that stuff in storage to keep. 

If you are local to the area, there is a meetup and a REI group.

@Ashley Wray

Welcome to the forums!

I would encourage you to try to make it to a Meetup in Tulsa.

When it comes to your first investment or purchase, there are some great owner occupant loans and packages that you can take advantage of. 

Let me know if I can help out in any way! 

Cheers

A couple options to research depending on the way you want to take title: Subject to, lease option, lease purchase, BRRRR.

@Jon Wimmer

The meetups are every other Thursday. Check the networking tab!

@Jeff O'Neal Has a google doc spreadsheet that people in around Tulsa have been contributing to 

personally I like a HELOC strategy. It takes the edge off of trying to use the money/forcing a deal since I am not paying interest on it until I draw it.

But there are a couple of different variables in your situation, you will technically have to pay another set of "closing costs" when you pay off your home, whoever gives you the heloc will have to appraise, underwrite, etc. 

Another factor is the loan available for primary residences are some of the best! So I would much rather get a 30 year fixed for a primary and get the HELOC on the rental property.

Cheers and hope you find what you are looking for!

Local banks may be the best option. 

Another strategy is to "bundle" a couple of properties together to get more equity and make it worth the banks time to underwrite give the loan.