All Forum Posts by: Joshua Briscoe

@Demario Scott

@Kristopher Edwards

@Adam Drummond

I think a bunch of va guys getting together is a great idea.  I'm currently under contract on a property, but after I get that all settled I will work on getting something together.  I think maybe August

If someone wants to take the reigns on a get together before I'm able to get to it, please do. 

So this deal fell through due to the zoning issues, but I am under contract for another property a single family house in Easley, SC (va loan with the buyer paying closing costs and any repairs).  My wife and I are planning to live in this house for several years while we save and invest and then refinance and rent it out.

My plan is to buy my first investment property here in the next few months. 

Thank you to @Andrew Kerr and the multiple people who gave me advice through my email, but didn't post directly to this thread.  I appreciate all the help and encouragement thus far.

Thanks @Andrew Kerr for the advice and information.  Unfortunately, I just heard from my agent who told me that this property is not zoned correctly for me to do a long term or short term lease. 

This doesn't seem to make sense as I see other properties within the same type of zoning doing Airbnb.  If anyone has any advice on this I would appreciate it.   I am calling the zoning office in the next f

Thanks @Andrew Kerr for the advice and information.  Unfortunately, I just heard from my agent who told me that this property is not zoned correctly for me to do a long term or short term lease. 

This doesn't seem to make sense as I see other properties within the same type of zoning doing Airbnb.  If anyone has any advice on this I would appreciate it.   I am calling the zoning office in the next few minutes to get to the bottom of this.

Hello again Bigger Pockets

I would appreciate advice from the experts and tax gurus on my situation as I am new and possibly about to buy my first property.

I am under contract (VA loan) for a tri-level that has an in-law apartment. If I close at the current price I should have about $50k of equity. I am plan on initially house hacking with a long term lease on the in-law suite to cover about half of the mortgage and eventually transition to short term leases of the suite which should cover all or most of the mortgage.

There are several issues with the property. The house needs some roofing repairs and will need to be replaced within the next several years. There are also several other repairs the VA may require to be fixed before we close. I figure the cost to do all the repairs to be less than $10k.

2 questions

1) If the seller will not pay for repairs would you escrow the money to pay for these or would you walk away?

2) If I do close on the property would it be a better tax advantage to replace the roofing over the rental section in stages (half 1 year, half the next)?

Josh

I definitely appreciate any advice on these questions or my situation in general.

@Adam Drummond

That's what we have been seeing.  By the time a property pops up on realtor or our agent's site it already has multiple offers.   And, I haven't seen any multifamily properties that make much sense in buying.

Hello BiggerPockets

My name is Joshua Briscoe.  I just moved my family (wife and 3 small boys) back to Greenville South Carolina.  We lived for 8 years in Bangor Maine.  I am a nurse working in a CVICU, but over the past year I have started to become not completely satisfied with healthcare.  By accident I stumbled onto the bigger pockets you tube page and have been soaking up as much information as I can. 

I am eligible for a va loan and would like to get into a house hack or possibly a brr(rrr?). 

My big problem right now is finding a property that I feel  I can afford and/or meets the va loan requirements.

If anyone has any suggestions in my search or is interested in partnering with me in a rental deal please contact me.

Josh

ps Maybe another suggestion is what type of contact info I should be putting out on Biggerpockets?