All Forum Posts by: Steven Wesolowski

Good morning investors!

3 / 2 / 1410sqft - Minutes from Randolph AFB: no apparent foundation issue new floors!

Cash-buyer investors looking for a super-light rehab and rental for military tenants --easy.

Literally minutes from Randolph AFB. This is a dream home for an USAF tenants looking to live outside the base.

Notes by my colleague Robert Neal:-Roof is 7 years old
-HVAC is brand new
-Most of the flooring is new in the house
-Popcorn ceiling has been removed
-No apparent foundation issues

Easy flip project. It's Friday, Dec. 22.

Steve Wesolowski, TX LIC: #813897, San Antonio, TX, (832) 266-3656

Everything starts with trust. I always inform my out-of-state investors that if they absolutely need more concrete details or visuals of the properties offered or the work being done on the property, I am happy to do everything I can to get them either real-time photos or video feed over the phone, even meet with the contractor at the property. 

When it comes to general contractors, you just need to network. Give referrals provided to you as a chance, this way the person who is actually helping you is demonstrating their efforts to getting you to success. And of course, if the general contractor has a reputation established on line and will take the time of day to answer all your questions in a virtual meeting especially, then you are likely in good hands.

San Antonio, TX 78217

3 bed / 2 bath / 2 car garage / 1978 / 1,936 sqft / LOT size: 10,911 sqft renovation dream. First Come, First Serve.

OFF MARKET investment opportunity in the Northern Hills. This property has FIRE DAMAGE and needs a full rehab.

Message or call 832-266-3656 for cashcomparables and assessments. Cash-buyer investors.
Steven Wesolowski, TX LIC #813897, Investor, Real Estate Investment Deals daily.

San Antonio, TX

Off-market 5 acres in the Northcliff (northbound HWY I-35), Schertz, Texas 78154.

Rare land in the middle of two large subdivisions recently developed! We are zoned for office professional.We have a detailed appraisal and development plans onhand.

First come, First Serve. Contact me anytime for property information.

Steven Wesolowski, TX LIC #813897, New Western Marketplace

Adrian, welcome to Bigger Pockets! Yes, they are out there! BRRRR deals are everywhere you just need to define our criteria, what areas of market and types of properties you are looking in!

The secret of getting ahead, is getting started.

It is vital you connect with a realtor anywhere in the United States, who will take the time to understand your desired type of property and areas of the market you have been looking in.

Learn about the good, bad, and ugly regarding distressed properties, whether due to  property condition or the chain of title. Be objective about it, not emotional.

Go talk to people. Network and connect with a realtor, trusted general contractor, mortgage officer, private money lender, banker, and attorney. Demonstrate value in your partnerships and what you want to achieve. These professional markets are eager to win your business right now, even through the holidays as we speak (or type)!

@Marc Globensky, thank you for your service.

Looks like you have a huge vision ahead of you --outstanding! If I were in your shoes, pay off that $30k debts as quickly as possible. Get out of the debt zone ASAP. For properties that are NOT making you money, you may want to just flip/sell, or sell as-is to clear your debt. There are wholesalers or brokerages happy to do that for you.

Secondly, kudos to you in already having rental properties, but of course, would need to understand the current rental status on those properties, current occupancy rate, type, amount you still owe, etc. 

While deployed, you will have down-time. Use that down-time to explore what areas of the market you actually want to invest in next, and define your ideal properties.

Use that down-time and study for a real estate license in your desired State. Study. Study. Study. Don't like it? Good. Study some more. You can do it.

Start small, and work your way up. Find out what you can qualify for financing opportunities on distressed properties you would be willing to out-source the renovation project and flip. REI properties are always a cyclical risk, but if you can acquire your strategy to flip/sell fast, especially with your wife's support, you can at least get something done.

All the best to you in your endeavors. -Steve

David, welcome to BP! Looking forward to reconnecting with you soon. 

-Steve

Drop everything and read this: https://veteran.com/va-loan-llc/

Only Veterans, not business entities, can assume a VA loan. You can transfer Property Title to the LLC, shielding your personal assets from liability directly related to the property. However, the LLC will not be liable for VA loan mortgage payments.

Also remember, any given loan provider DOESN'T CARE about your asset protection, the loan provider only cares about protecting its interest on the payments due.

Essentially, a refinance will allow ownership and loan program conversions.

Loan transfer restrictions on VA loans do exist, so tread lightly. From the same article:

"When you closed your VA loan, you may have signed a VA Guaranteed Loan and Assumption Policy Rider. This document outlines specific loan terms, including a clause about transferring the underlying property: 'This loan may become immediately due and payable upon transfer of the property securing such a loan to any transferee.' "