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All Forum Posts by: Antonio Hernandez

Antonio Hernandez has started 2 posts and replied 13 times.

Post: VA Second Tier Entitlement or Conventional?

Antonio Hernandez
Pro Member
Posted
  • Victorville, CA
  • Posts 15
  • Votes 4

Hey Patrick,

I just recently purchased my 2nd home with VA loan, kind of.

I ended up having to use a combination of CALVET and VA loan because my second home was more that the limit allowed by VA. If the pricewould have been $20k less I would have been good with just a VA loan.

So depending if you're looking at a larger more expensive house, I wouldn't refi the 1st one as I'm sure your interest rate is pretty low, plus adding closing cost would add more $ being refinanced.

Using someone else's money is always better, that using your own.

 Just my two cents.

Post: Proper way to capture house hack income

Antonio Hernandez
Pro Member
Posted
  • Victorville, CA
  • Posts 15
  • Votes 4

So I have a SFH that is managed and thus I get a 1099 at the end of the year to use during taxes. I just bought and moved in to my new place that had an attached mother in law suite that I have closed off. I was able to rent it out and have just been depositing the money into a seperate account I have. Is there anything I need to do diffently or a better way for me to move forward. Suite is bringing in 1/3 of total expenses. Any other suggestions would also be appreciated.

Post: Tony - Victorville, Ca

Antonio Hernandez
Pro Member
Posted
  • Victorville, CA
  • Posts 15
  • Votes 4

Hey everyone, I’m located out here in the High Desert, cito of Victorville. Career federal employee trying to make the move to real estate investor. Currently have 1 rental property as I had to let one go in 2017. Signed up here a few years ago but always ran out of time to log in. Listen to BP on YouTube when I go for my walks or while sitting at my desk. Hoping to learn more quickly as I’m going to but investment property in the next 6 months. Hope to meet everyone and hopefully meet a few of you in the local area for a cup of coffee to bounce some ideas with.