All Forum Posts by: Samantha Sayers

Hi @ChrisMason, I think my question wasn't clear.

I'm looking for options to partner with my brother so we can one day have an investment company together. I am not in the financial position to provide the starting funds, so I am partnering- as recommended by many of the BP podcasts. When one party has knowledge and skills, but no funds, why not partner with someone who has less time but the funds to do it? 

Getting back to the actual question at hand-

Brother would get the VA loan for a multifamily, preferably in WA, although he is stationed in MN. At what point and how does he prove "intention to reside"?

Thanks all for the help!

Hi All,

I am a real estate agent with experience in property management, lease-ups, the airbnb industry, and the foreclosure market. I'm based in Seattle, and am gearing up to invest in my first property in 2017.
I don't have a huge amount of cash to bring to the table, but offer handy work and real estate knowledge.

My brother is interested in partnering. He is in the military, on active duty in Minnesota- gets re-stationed every 3 to 4 years.

My brother would be a great financial partner. Good credit, steady income, etc. He rents right now, has not used a VA loan at all.

My question is thus:

The VA-loan option seems exciting to me. If my brother were to take on a loan by himself to purchase a multifamily, we could refinance the property later on to the both of us, or to an LLC that we create together. The only problem is, would the property have to be near to wherever he is currently stationed to qualify as "permanent residence"? He gets re-stationed every couple of years, so I'm not sure how the residence gets proven. We would ideally like a property that is closer to me, in Seattle, so I can manage it, flip it, etc.

That being said, I am not opposed to going elsewhere, although my RE license is in WA state.

Thoughts? Is the VA loan in this scenario not the best option? Just because my brother is in the military does not mean we HAVE to use his VA loan, we could always pursue another route.

Hi All!

After leaving a field in woodworking and painting for various production houses, I obtained a Real Estate license and began working as a Leasing Agent in and around Seattle, WA. I am independently contracted through my Property Management Company and this leaves some free time to pursue other aspects of Real Estate- especially investing.

I also dabble in the Airbnb industry.

Around the same time as I was becoming a Leasing Agent, I also began running numbers for a local foreclosure investment company- analyzing the comparables in the home's market, and advising potential investors as to what their home would make in cash flow as a rental.

I have caught the investment bug, particularly in foreclosure and house hack markets. 

My dream is to move on my first home in 2017, perhaps as an owner-occupied deal. I'd love to pick up different homes and turn them into rentals, in different part of the country, and eventually take the whole operation overseas. Depending on the location, I'd consider buying small homes or condos in cities to run as airbnbs.