All Forum Posts by: Joshua Hurte

You can house hack a 2-4 multi-family property using the VA loan. The limits no longer exist so your limit will be D/I. I bought my multi-primary for 1.4M using VA.

I used Veterans First. They used to be IFreedom Direct which I have worked with for three purchases. They can go to around 69% D/I

Thanks for that suggestion. That will definitely come in handy down the line!

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Boston, Massachusetts

Quote from @Dave Skow:

l@Joshua Hurte- I would be able to refer a colleague in MA - let me know if you would like one ?

Hey Dave,

I would appreciate that!

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Boston, Massachusetts

Quote from @Matt Mahowald:

Hi Joshua,

I worked with Bob Hagerty at Leader Bank a while ago for a closing on a 2 family in Malden. He was great and know how to get the project approved through the VA

Hey Matt,

Thanks for the recommendation.

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Boston, Massachusetts

Hey Vanessa,

I know there is a guideline that you have to be a landlord or property manager for atleast two years in order to use a VA loan to purchase a multi family. At the same time, I heard there are some lenders that will make exceptions so I am just trying to find one.

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Boston, Massachusetts

Hey BP members,

I was wondering if there were any lenders or if someone knew of a lender that specializes in VA Loans in the Southern MA area?

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Boston, Massachusetts

Quote from @James Simoes:

Hi Kyle

Just stumbled on this post from 9 months ago.. I hope you did make the decision to invest because we had some growth here.

I own 4 different properties here in Fall River.

Like many comments here have said — self management and due diligence is key.

I see the area improving and the city has areas that are great locations to live in and raise a family. Mostly 02720 as mentioned.

There are a lots of investments happening and the general feeling amongst many of the citizens is optimistic.

Good luck.

Hey @James Simoes,

Wow, you managed to get 4 properties in the Fall River area back back. That's impressive!

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Hey BP,

I've been trying to find answers for a while about structuring multi family deals for tax purposes. I don't know why it's just coming to me now to ask the BP community. Any information helps. Currently residing in MA.

1) Do I have to have an actual business entity established in order to reap the most tax benefits from my new 3 family (househacking)?

2) I was told that LLCs are just for liability purposes but not tax purposes?

3) What are the odds that my lender will allow me to transfer my property out of my personal name?

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Originally posted by @Chris McCormack:

You want to make sure you're accountant is doing more than just tax prep. Planning is often more important than prep and can save you thousands in taxes. I would ask about their real estate knowledge and whether they invest in real estate themselves.

I just sent you a connection request @John Matarazzo I'll gladly share a document with you that will provide information you can use to make sure your accountant knows his or her stuff.

Happy Investing!

Hey Chris, I was wondering if you could send me that document as well?

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@Kyle Andrade I'm extremely late to this post, but first off congrats! I was curious how you were able to use the VA loan on a multi family as a first time homeowner. My loan officer told me I had to have a few years of property management experience before I could use a VA loan. I ended up using a FHA to buy a 3 family in Fall River, but I'm trying to figure out the best way to buy the next one now.

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All Forum Posts by: Joshua Hurte

Joshua Hurte has started 2 posts and replied 9 times.

Post: Lenders and VA Loan mortgages

Post: Lenders and VA Loan mortgages

Post: Lenders and VA Loan mortgages

Post: Lenders and VA Loan mortgages

Post: Lenders and VA Loan mortgages

Post: Investing in Fall River MA

Post: Properly structuring for taxes

Post: Taxes for a newbie (please share exp/advice)

Post: First rental property investment (4 family)