All Forum Posts by: Shawn Couch

VA is a much better loan option than FHA. You should pay a lower rate with the VA, because the VA guarantees the amount of the loan over the conforming, 80% LTV, whereas with an FHA, you, the borrower, pay mortgage insurance via a higher rate on your loan. FHA requires 3.5% down as a minimum and I think you can go 100% with the VA. Furthermore, the VA deal is set up to protect the vets and active duty by doing an additional form of underwriting. If they say you can't afford a particular deal, you should really think about it.

If you need a good VA loan broker, I can refer you to one.

Thank you for you service, and get a VA approval. Then search for some units (2-4) that you can afford in an area tolerable for living for a short period and start building that RE empire. Let me know if you want to talk about this or want some help searching for a deal. I am happy too help.

Tax Deed purchase. Will work with Buyer on Quiet Title if need be.  Absolute Auction means it could sell for $500 or $20K+. At the higher end Seller is willing to use Meridian Title to certify the Title. 

Absolute Real Estate

Auction

Saturday May 20, 2017 3:00pm CDT

Located at 3906 Fir Street East Chicago, IN. From US 12/ Cline Ave exit onto Columbus Drive and go .8 miles to Fir Street. Turn north and go .2 miles to home on west side of the road. "Watch for Kraft Auction Signs!"

Selling to highest bidder regardless of price is this fixer upper in East Chicago. Home could be a possible multi unit or very large single family home. Home was built in 1918 and features over 1700 square feet of space, 4 bedrooms, and 1 bath. Full 851 sqft basement and attic. Home is waiting to be finished, but much of the work has been started. Basement has an additional 800 square feet of space. This is a perfect home for an investor or handy man. Taxes 2016 Pay 2017: $840.44 (taxed at 2% rate).

Home will be open for inspection one hour prior to auction!

Owner: Serf Huts Solo 401K Trust

Terms: Cash payment immediately at conclusion of the auction, sold as is, quit claim title day of sale, possession at auction, taxes pro-rated and final to day of sale, absolute auction, and subject to a $3,500 buyer's premium..

Kraft Auction Service LLC
Col. Conrad Kraft- AU01032667
Jonathan Kraft – AU10500173
219-973-9240 ~ [email protected]
KraftAuctions.com

3906 Fir Facebook link

Kraft Auction Sale item link

If your grandmother still has a decent book of business, you should partner with her and ride on her reputation.  Being a Realtor is a tough job and the problem in CA is that everyone you meet/know has 5 or 6 realtors that are relatives, spouses of friends or relatives, etc.

If you do move to SD, start saving.  This is a very expensive place to live, and jobs here don't pay that great because everyone wants to be in San Diego, so good jobs don't get turned over too often.

Good luck.

@Nicholas Baughman, why not get the best refi you can on the house so you have a full VA entitlement ready to go. Maybe take a little cash out for the kitchen, and do some upgrades, and try to do some of the work yourself. You don't literally need to swing the hammer, but if you find the pieces you want and coordinate the install directly, you can save some money. Make sure you do the math on the rate buy down to see if it truly makes sense.

Then use your VA to buy a new "Primary residence" that consists of the 2-4 units that you want to buy. I have looked at this scenario for a few other vets, and I believe it is feasible. You can rent your current primary residence for a year, then decide to move back in for family/school or many other reasons. Then you have a highly levered SD rental property being paid for by your Tenants. Pay extra on this mortgage to increase the equity and lower the risk. Do a Conventional refi when you can, rinse and repeat.

Good luck.

Welcome to BP,.and good luck in NWI. There is a lot of action going on in that market, but a lot of opportunity as well. Good luck. 

@Chris T. can you send me the contact you sent Ray?  Thanks

@Nicholas P.

Investing in San Diego is generally good, as long as you are taking a long term approach.  Screaming deals are hard to come by, but there is usually something good to buy if you keep your eyes on the opportunities. Good luck.

Looking for an attorney referral in Northwest Indiana (Lake County) to try to stop or suspend demolition proceedings.  Looking for representation at Board of Public Safety meeting in East Chicago to represent Home Owner and Buyer and technically the lender, Fifth Third Bank.  Next meeting in Wed May 10.  Contract to purchase being signed today.  Preliminary Short Sale docs already being processed.  Possible someone to wake up the lender to get them to request a stay.

Thanks in advance.

@George Taylor does your group do SFR rental loans? I can't tell by looking at your website.