All Forum Posts by: Han Oo

Thank you all for your guidance. 

I will do more research based on your guidance. 

Hi all BP members,

I would like to ask your guidance or your opinion about the below situation. I am very new to REI and I am reading Brandon's books and BP forums.

Currently, I have my primary residence with VA loan located in Norfolk, VA. So, in order to buy investment property, what should I use? Should I use my personal name or should I set up the business and use the business name?

What kind of entity will be suitable to get the financing? I am thinking of getting bank/mortgage loan. My credit is not very good and it is about 660 due to hard pull, low credit history and recent late payment for macy's credit card (only $35 damn!). I am trying to build up my credit now. 

My ideal plan is to do with BRRRR in hampton road area and I am planning to get start the process next year.

Thank you in advance. Have a great day.

V/r

Han

That is great. I learnt a lot from your post based on BRRRR strategy. That's how I want to do as well.

Kyle Forbes , nice to meet you. I'm Station in Norfolk and attached to San Antonio. We are in the same situation as in working life. I am planning to start doing my REI next year and now trying to learn from other people. I read Brandon's books on no money down and rental property. I also want to get houses near to the base or in good neighborhood. Anyway, very nice to meet you and have a great day out there!

@Emerson Hyatt Nice to meet you. I just saw your post as I tried to find posts in Norfolk area. Currently, I lived in ocean view and it is nice. Mine is single family and closed to the base. I am planning to buy my investment property in the area but the price is beyond my affordability. I have already used my VA on my house and now looking at out of state turnkey property. As for Norfolk, I looked at the school rating and I tried to view houses in those area. There are some areas that the school rating is really bad. So, I tried to avoid it. My idea is if I want to sell in future, good school would be one of the selling point.

Hi,

I am a new member from Norfolk, VA. I am a service member from US Navy station in Norfolk, VA. I am still learning to invest in real estate and my primary focus is rental properties (Single family and Multifamily). Currently, I have read no money down by Brandon and I am reading rental property investing by him. I have learn t a lot from this forum as well as I got a lot of inspiration from the members. I like to read those success stories which give me mental strength to move forward

At the mean time, I could not able to invest due to my work and I am planning to start doing next year. I am thinking of doing turkey out of state property or in my local area (Hampton road).  I found that turkey is more affordable for me and my local area will be more challenging as in financing. So, I am doing some research,  reading books and blog posts from BP and checking listing from Zillow, to prepare myself for next year. 

I am going to ask some questions and learn from you all. 

Have a great day!