All Forum Posts by: Roemeo Barnette

@Tariq B. Hello Tariq in your future investments make sure you always get an estoppel agreement prior to signing at closing. This will negate the issue you have now and it will allow you to see everything the landlord promised the tenant, If any. Hope this helps

@Nathan G. And everyone here on this thread, I am about to purchase my first multi family rental and this thread is very helpful so thank you all !!

@Zack Karp thanks for your response. I understand everything that you are saying, and figured that was the was reason but at the same time you ( NOT YOU) can’t assume I’m going to commit mortgage fraud when in fact I am actually going to occupy the home. It was just nope you are married so it’s one or the other lol.

@Melissa Anderson yea that assumption is valid but people can be married and live separately.. it’s very common. If I were you two I would purchase prior to getting married otherwise you will be going through the same issue. Thanks for your response

@Matt K. Thanks for your response, for an FHA loan there is a stipulation in there for me being active duty that I don’t have to make it my primary residence. However it is case by case basis. I’m just trying to do the right thing and get the most out of the route I choose. Thanks again

@Alexandra Lowry Thanks for your response and putting in perspective for me, we are for sure going to use the VA loan overall.

I have a question in regards to me and my wife using our VA loans. So my question is since we are both active duty aren’t we both entitled to our VA LOANS “SEPARATELY” ? I can buy a piece of property and my spouse should be able to do the same regardless if we are married was my understanding. 1) I want to buy an investment property with my va loan (yes I know I have to occupy the property for up to 6 months to a year) 2) She wants to buy a house with hersI went through my same mortgage company where I bought my previous property and he said it would be hard to explain that to the lenders since you guys aren’t getting divorced or separated... so I’m just a little confused as to why that would matter if we both are entitled to a va loan separately? 3) Also would it make it better if I used an FHA loan to buy my investment property? Thanks in advance BP !