All Forum Posts by: Samarn Derrick Vichitnand

Not really what I wanted to hear. I'm wondering, if I pull out a home equity loan on my existing rental property (VA loan) and purchase another rental property with the equity I pull from the VA loan rental, how long before I can pull equity out of my new purchase to buy the next house after that, and so on? I'm assuming that I can't pull out 80% of the equity that I have, only 80% of my equity, not including 20% of the purchase price of the home, since I have to maintain that in order to avoid PMI? So if it's a $100k home, I take out a $20k equity loan, put $20k on the new home, I can't take out 80% of that 20k of equity ($16k) in order to help cover the purchase of another $100k home, with only $4k out of pocket. I don't know if my train of thought makes any sense to you or not, I'm just trying to see if there is a loophole in this system to rob peter to pay paul.

Hello,

I am looking for an actual real investment strategy to expeditiously and dramatically increase my passive rental property volume. I can't work any more hours to quickly pay 20% down on homes repeatedly and if I go that route I'm never going to get to the volume that I would like. So what is the answer? The do it yourself books mention many non-conventional ways like seller finance, tax deed, auction, etc. but it seems like instances where that works out are more the exception to the rule and are extremely rare, pretty much on the fringe of extremely rare possibility. I think because it's technically possible, it sells books, but doesn't seem like a practical investment strategy. Moving every year to obtain owner-occupant FHA or USDA and getting stuck with PMI for the life of the loan doesn't seem too practical either. My wife would kill me if I moved us every year. So is there a real answer to this, or are my hopes just pipe dreams? I don't know, hopefully I will find the answers to my questions on this site in the forums.