All Forum Posts by: Slavik Lund

Im about to drop 10k tomorrow on this investment and ya'll leave me on this cliff hanger?!?! 

In todays market I doubt you will find a "fixer upper" that can be financed. Most property sales are being squeezed for every cent of value right now.

FHA wont finance an actual "fixer upper", unless you are referring to a house that needs very minor cosmetic repairs.

Without anymore detail I vote keep it.

Collect the cash flow. Reduce the taxes. 

No need to sell it before you are ready to make a move on your next investment. Cash sitting in your bank account will get eaten by the rats. 

Keeping it an appreciating asset is the move. 

Any takers?

Bump w/ veterans, military, young investors

Thats similar to what I was indirectly implying. Passing the state real estate exam gives me the license. Does that make me an 'agent', for MLS purposes and allow me access?

I've been wondering about the same issue. I was thinking if I get my realtor license in the state then that will allow access to MLS?

I personally enlisted in the military for its educational purposes. From that I have a VA loan which gives me triple zero down at a 3% interest rate.

That was quite literally ZERO dollars out of my pocket (seller paid for closing costs). I purchased a 4-plex because as well as living for free I have 2 units that pay my mortgage and utilities and 1 unit that pays for expenses and profitability.

Although I've already been in the business for many years (family business). This was the first big purchase all on my own.

Good morning nation,

This may have been answered before but I have a unique caveat in which I don't believe has been addressed.

I recently purchased a 4-plex (in my name) using my VA loan. It is financed at 3%. Due to it being a VA loan, there are certain obligations that need to be met; one of those is that I reside in one of the units (owner occupied) for a certain amount of time in which I am currently doing so. My question has multiple parts to it.

1) After I move out, can I give this to my LLC? As in, is anyone aware of any VA regulation that will prevent me from doing so?

2) How do I go about doing this?

3) What will happen to my 3% interest rate? Is there anyway I can keep it?

That went right over my head...