All Forum Posts by: Patrick Blankenship

Hello BP community! New to the game and living in SC, just south of Charlotte. I am interested in tax liens, foreclosures etc. and would love to see if there is a local NC/SC investor that would be willing to provide some guidance. I feel like I have read so many posts and books (info overload) that I need a reality check! Thanks all- Patrick

Good advice all- lots to sift through. I have used my VA benefits twice, refinanced and sold before and doing so does free up the VA benefits as long as you do not refi back into another VA. I have looked at a few other types of low down payment, low interest mortgages as well. I plan to refi about a year out of my projected move date and don't know what kind of loan I will end up using; investment or primary residence. Appreciate all the insight.

I am active military and currently have a VA loan. My house is worth about what I owe on it. I will be moving in about 2 1/2 years and want to keep it as a rental due to proximity to a well known college campus and a decent rental market which averages about 2.5% vacancy. My question is how best to position myself to refinance into a traditional loan, avoiding PMI so that my monthly payment allows me to crate cash flow. My plan is to pay down the principal as much as possible over the next two years then refinance. I owe $272000 on the house at 3.75% currently. If I stick with the regular payment schedule I will owe about $260k when I leave in 2 1/2 years making my ability to create a positive cash flow from renting a small possibility. Looking for tips... Advice etc. Searching the forum topics as well.