All Forum Posts by: Jesse Boren

I'm three years late seeing this but did you ever get any good input on this inquiry @Jeffrey Nordin?

Also, thank you @Autumn Rankin for the heads up.  I went ahead and Liked the FB page.

Thanks you all for your responses!  @Will Pritchett, Thank you for the input.  I have been all over @David Pere's website already. So much good information! I look forward to watching the videos and learning more about this VA renovation option. I've only read a small bit about it thus far. Am I that far off in thinking that it works something like the 203K FHA loan with the exception of requiring no money down?

@Stuart Grazier, thank you so much for your information, Sir! I was looking through some stipulations for the VA loan and started to come to that conclusion but I couldn't find anything definitive so thanks again. So my question then is this, what is the game when using the VA loan for your your initial investment? If I'm not completely incorrect, the purpose of being able to use the 70% rule and/or the BRRR strategy is to generate cash flow out of the gate. Considering the requirements associated with the VA Loan, being able to hit those numbers is unlikely and sort of takes generating immediate cash flow out of the equation for me.

Assuming then that I will more than likely have to pay retail, is the play to buy a multi-family unit, have the other residents pay towards my mortgage and other expenses while trying to get as much equity in the house as possible?  Then after a year, I can move out, have some additional residents move in, and start generating cash flow?  At which point I would just start the process all over again somewhere else?

Thanks again!

Good day BP!  I am in the military and I'm interested in investing in real estate for the duration of my active duty/AGR service at which point I can take my military retirement and cash flow from single family/multi-family units and truly retire at a relatively young age.  The strategy there would be to buy and hold properties, preferably all in the state of Texas (San Antonio, Abilene, San Angelo, Amarillo, Lubbock, Metroplex), and rent out for the foreseeable future.  The state is still left up to chance but it seems likely.  

I am just getting started with my REI education with the expectation to purchase my first property in approximately six months. I don't have much capital at this point or at least not enough to where I'm willing to part with most if not all of it for a down payment using a traditional loan. I also don't anticipate that I will have enough by the end of the six months so I am hoping to use a VA Loan on a multi-family unit coming out of the gate.

I have read a couple of e-books now and a variety of blogs about this subject.  Seems that the majority of the information is promising aside from the occasional bad experience typically stemming from the original purchase price.  With that, does anybody else have any good information about how to go about using this strategy to maximum effect?  I am reading information about "retail price" using a VA Loan?  Does this mean that you can't negotiate a deal using a VA Loan...for instance, can I not use the 70% rule?  Can you use the BRRR Strategy with a VA Loan? I'm sure I will have more questions moving forward but I think this is the glaring one for me at the moment. 

I apologize for my ignorance up front.  I am very appreciative of your time and information, all.