All Forum Posts by: Louis Bratton

@Phillip Mullinax  I have the packet for you.  Send me a PM with an address and I will send a few to you with instruction.  Its pretty straight forward.  I was in and out in 30 minutes and going to court on Sept 6th.

It's pretty straight forward in NC. I have one I'm doing in Durham on Monday. You can actually do it via mail. All you need is the forms and instructions. If you would like I can grab a packet for you with instructions and forward it to you after I get back Monday.

Congrats! That a pretty solid deal.

This article I just read was very good. It points out a big issue for folks buying at the actions competing with hedge funds.  As long as we are buying based on fundamentals i wouldn't worry.  

http://davidstockmanscontracorner.com/housing-bubble-2-0-heres-why/

Thanks Jill,

I'm going to take a look now.

I'll be here for the first time.  Looking forward to it.

Congrats!

Welcome to BP.  I am a Buy and hold Investor from Cary also.  

Tracy and Samantha thanks for your responses. I still have a nice chunk of entitlement left. One option I am thinking about is using it to purchase a live in rehab but then refinance when it is complete, rent that one out then buy another one using FHA. I am a buy and hold investor.

Hi BP,

I currently own a home that was originally purchased using VA Loan in 2006 for $219,000 and could sale at retail for about $280,000 now. This is considered a Class A Neighborhood where all of the new construction starts at 400k+ now (Cary NC). I bought it with the intentions of renting it out after i moved out in the future. It could currently rent for about 1600-1700 a month which is less than the 1% rule but would leave about a $300-$400 spread after paying mortagage. I have other rentals currently. I am interested in buying a new personal home next year around January so if I sale it I could use my VA loan again, but if I keep it I could just use FHA since I have never used one. Looking for advice. Would you sell or keep it?