All Forum Posts by: Matthew McKee

Hey Jace,

I would go to Youtube.com and look up Pace Morby "Subject To & Seller Finance" strategies.  It's very simple to understand, however difficult to execute properly.   Long story short, the owner of the home would become the lender, and you would pay a note to them with customized terms that fit both parties involved.   Or on Subject To, you take over someones mortgage payments as they sit, and transfer title of the property in your name.  Easier said than done!

Hope this helps!

Hello all! 

I have posted here before, but I didn't actually introduce myself last time! My name is Alaura, I am currently a stay at home mom of one. Just moved back to Texas after husband left the military, and getting geared up to start building our civilian life. We sold our house before leaving his last duty station and made a nice little chunk off that and are looking to start investing in real estate with it while we use a 0 down VA loan for our primary residence. We have only ever purchased a primary residence (and only once at that!) so we are trying to learn as much as possible about it beforehand.

My question is about building a team well in advance of buying. So right now, we have very minimal income (GI bill, reserve pay, savings to cover anything over that) and won't until husband gets out of school and gets hired, probably around June. Our plan is to try to buy our primary residence after he has a job, and buy an investment property as soon as possible (within reason) after that. But I am wondering if I will get laughed at trying to build a team so far in advance? I hate to leave anything to last minute, but I don't want to waste peoples time (mostly lenders and mine) if they are just going to tell me to come back when we have a stable income. 

And a follow up question! If we only have one month of income on record other than previous military service, will lenders give us the time of day? Will rates just be very high? Will they require a big down payment? 

Thanks for any help! 

@Matthew McKee Thanks, I read up on that.   That is a cool way to get a low rate, but it ties up the entitlement slot for the seller if you (buyer) are a civilian.