All Forum Posts by: Jasmine Benford

Hello everyone!  I am currently looking for a contractor for a flip that I am working on for the interior of a townhouse. Does anybody have any good recommendations?  Thanks!!

I haven't read the tax strategy book on BP and intend to very soon. I am looking for recommendations on the best way to explain to a family member how he would file taxes on a second property, if he already has a primary residence. For example, he purchases an investment property as a rental. Any assistance would be great. Please and thank you!    

Hi Elon!! Our goals are similar as I am doing the same with a house I purchased in November. My goal is to use an FHA loan on my second property and go from there. I would encourage you to speak with a lender about the FHA requirements. I’m currently reading and working with a lender in understanding the requirements myself. Good luck! Let me know if I can assist with anything!

Thank you ! @Tyler Kastelberg

Hello there! 

Working on property #2! I am looking for a FHA Consultant and General Contractor in the Hampton Roads (Hampton, Newport News, Norfolk, Virginia Beach, Portsmouth) , VA area. Any assistance would be great! Thanks in advance!

Hey Amy Herzing ! What does VHDA consider a first time homebuyer for the down payment program?

@Anthony Gayden Thanks! Househacking with a FHA loan is the route I would possibly take on the next one!

@Joe Villeneuve interesting! thanks!

Joe Villeneuve thanks for responding! What type of investment was this? Did you do a flip on your first? Just asking because you said you used the profits on the first to buy the second.

Hi All! 

Just as the subject reads, I am inquiring about when and how you purchased your second property after closing on the first... and HOW. The purpose of this discussion to get insight/tips from your experiences. To give you a little details, I spent March-September, absorbing knowledge from BP and real estate books. Mid-November, I finally closed on my first rental unit (targeting college students) as it is 2 streets over from my alma mater and I am curious to know how I should get started on my second property. In the midst of this, I earned my real estate license and now am an active real estate agent which I am super excited about! More income, more properties! In addition to sharing how soon you bought your second property after your first, I am interested in knowing HOW you did just that, for example, funding, etc. I used a conventional loan because it worked better in my favor, so purchasing with a FHA loan would be my next step, I wouldn't mind living in the unit. 

Thank you!