All Forum Posts by: Juan Giraldo

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $117,000
Cash invested: $15,000

Renovation is still ongoing. Will post before and after pics when complete!

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Nicolas Ossa, New Western Acquisitions, Austin, TX
Gabe Correll, Easy Street Capital. Austin Tx

Thank you guys for your input. After doing a little bit more research I found out that my credit Union (Navy Federal Credit Union) offers a 100% financing option which kind of works similar to the VA option, so thankfully i won't have to touch my original loan. It's kind of hard letting go of a 3.375% interest loan!!

I currently have 2 VA loans, and I am trying to free up one of them so I can purchase another home in the area where I currently live. My dilemma is: the VA loan (currently with about 25% equity) that I am trying to refinance to a conventional currently has a 3.375% interest rate while the new 30yr conventional will be 4.85%.

The house that I am planning on purchasing is around the $200k price range so if i choose to go conventional, I will most likely have to put 20% down (around $40K), versus buying it with VA loan which will finance 100% of the purchase price. What do you think I should do given the circumstances? Is it worth it to do it?

Thanks in advance, Felipe!

Hey @Brian Flannery  I  was just reading this blog and was interested to know if you actually did what you were planning on doing. I am also in the military and just arrived here to Fort Hood. I want to know what has been your experience so far and hopefully get to meet you and maybe work together. 

Felipe

Looking forward to meet you there Jared!