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All Forum Posts by: Eric Jones

Eric Jones has started 3 posts and replied 38 times.

Post: Looking for our first SFR rental purchase BRRRR in Tennessee

Eric Jones
Pro Member
Posted
  • Rental Property Investor
  • Clinton, TN
  • Posts 39
  • Votes 28

@Mike Katz I am active in the 37830 and 37716 area code.  I would be glad answer questions that you may have or suggest someone when I can't.

Thanks, Eric

Post: Contractor going into RE investing

Eric Jones
Pro Member
Posted
  • Rental Property Investor
  • Clinton, TN
  • Posts 39
  • Votes 28

@Emik Nikora, @Derek Tellier has a great meet up every month in the Knoxville area.

Post: Real Estate Agent in Knoxville TN

Eric Jones
Pro Member
Posted
  • Rental Property Investor
  • Clinton, TN
  • Posts 39
  • Votes 28

Lisa, we work with our agent closely on each investment we make in the Knoxville area.  She handles both rentals and flips for us and has helped other BP members find properties.  I would be glad to share her contact information.

Post: Can I use my VA home loan to purchase a rental property?

Eric Jones
Pro Member
Posted
  • Rental Property Investor
  • Clinton, TN
  • Posts 39
  • Votes 28

@David Pere Absolutely not. I know of guys that have transferred jobs prior to 1 year of residency in their homes. They thought they would have to refinance or put the home on the market. After speaking with their lenders they were able to keep the VA mortgage in place.

Post: Can I use my VA home loan to purchase a rental property?

Eric Jones
Pro Member
Posted
  • Rental Property Investor
  • Clinton, TN
  • Posts 39
  • Votes 28

You can purchase up to a 4 plex with a VA loan. You will sign a document that says you "intend" to make this your primary residence for at least 12 months.

Post: East TN REI September Meetup

Eric Jones
Pro Member
Posted
  • Rental Property Investor
  • Clinton, TN
  • Posts 39
  • Votes 28
See you there!

Post: How are September rents coming in

Eric Jones
Pro Member
Posted
  • Rental Property Investor
  • Clinton, TN
  • Posts 39
  • Votes 28
100% with no late pays here in the Knoxville area of TN.

Post: First time flipper - Partnership model question

Eric Jones
Pro Member
Posted
  • Rental Property Investor
  • Clinton, TN
  • Posts 39
  • Votes 28

We do 50/50.

Post: Looking for a Home Inspector in the Knoxville area!

Eric Jones
Pro Member
Posted
  • Rental Property Investor
  • Clinton, TN
  • Posts 39
  • Votes 28

I always use Randy Lilly.

http://www.lillyhomeinspection...

Post: Pros/Cons of originating a note

Eric Jones
Pro Member
Posted
  • Rental Property Investor
  • Clinton, TN
  • Posts 39
  • Votes 28

Julie this is something I am very interested in.  If you would like to discuss further please let me know.