All Forum Posts by: Harrison Lewis
Harrison Lewis has started 2 posts and replied 5 times.
Post: 2nd Remodel- Washington State
- Tacoma, Wa
- Posts 5
- Votes 2
Justin, congratulations that is awesome especially to do it in Gig Harbor! Great work.
How was your experience with GCs in the area? Getting ready to take on a project soon and have heard mixed reviews.
Quote from @Andrew Garcia:
@Harrison Lewis depending on the shape of the property, the VA might not lend on it. There are some lenders that offer VA reno programs but that is something to be aware of.
Thank you all for the feedback. Much appreciated. The plan would be to live in the new property and reno while I was in school (3 years), as I've lived in the current townhome for 2 years. I would move out and rent the townhome.
What's up BP!
Really excited to be here. I am pretty new to the REI space and have been soaking in as much information as possible. I've been reading Brandon Turner's Rental Property Investing Book and have enjoyed learning so far (time to take action). I currently live in the Tacoma, Wa area and own a townhouse here, purchased in 2020. It was my first purchase and at the start of covid, its appreciated quite a bit since and I am looking to purchase again using my VA entitlement.
Has anyone ever purchased a pre-foreclosure with the use of a VA Loan? I want to figure out how I can purchase a pre-foreclosure I found with a $336k mortgage balance. I would be curious if taking over the mortgage is possible, which means I could have a much lower rate. Ideally I would turn around and rent the townhouse, acquire private money to rehab the 2nd purchase, refinance it and do it again, potentially doing a HELOC on the townhouse for additional buying/rehab power.
Are lenders generally open to pre-foreclosures or is it mainly done with private funding? Any advice is greatly appreciated.
Post: New Member Introduction from the PNW
- Tacoma, Wa
- Posts 5
- Votes 2
Hello everybody, I'm Harrison Lewis, I am a recent pro member and am extremely excited to join this community. I am currently separating from the US Army and will be attending Physical Therapy School here in the PNW. One of my biggest regrets throughout my career in service was not buying at each duty station. I currently own one rental property and am looking forward to ACTIONing investments in single/multi-family and BRRRRs. I've truly enjoyed the insights thus far and look forward to contributing to this community.