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All Forum Posts by: Tereal Wilsonn

Tereal Wilsonn has started 56 posts and replied 206 times.

Post: 25 unit HUD HOME development grants

Tereal WilsonnPosted
  • Rental Property Investor
  • Oak Park, MI
  • Posts 222
  • Votes 35

What information did glean since your post Frank?

Post: VA Loan Refinance/Exit Strategy

Tereal WilsonnPosted
  • Rental Property Investor
  • Oak Park, MI
  • Posts 222
  • Votes 35

@Conor Shea

what should happen with this situation is buy the house you want with your LLC and use hard money with private money to complete the acquisition and renovations . then you'll be able to purchase the property with your VA loan .

a VA construction loan might be more suitable for this situation

cheers

Post: Newbie in Grand Rapids Michigan looking for any and all advice.

Tereal WilsonnPosted
  • Rental Property Investor
  • Oak Park, MI
  • Posts 222
  • Votes 35

@Xavier Martin

read “set for life “by @Scott Trench

read “the house hacking strategy” by @craig curlap

after reading these books, you’ll be ready to buy

cheers

Post: VA Home Loan for Investment

Tereal WilsonnPosted
  • Rental Property Investor
  • Oak Park, MI
  • Posts 222
  • Votes 35

@LaTonya G White

yes i’ve done this , it’s called a 2nd tier va loan , i bought a duplex as my first , then bought a 4 unit .

Post: House flippers- what can a BRRRR investor do for YOU?

Tereal WilsonnPosted
  • Rental Property Investor
  • Oak Park, MI
  • Posts 222
  • Votes 35

@Kristi Wolfe simply find a flipper in your area who has the deals/funnel , then simply introduce yourself say what you want to do for him , ask him what problems he needs solved , then solve them for him before you expect anything in return . Don’t buy coffee, help him with his business then he will help you with yours

Post: Buying a GUTTED HOME

Tereal WilsonnPosted
  • Rental Property Investor
  • Oak Park, MI
  • Posts 222
  • Votes 35

@Cami Bohn the numbers on this deal will make it stand out , use the deal analyzer , create a report and call 20 hard money lenders to see how much that need to fund your deal . Also check the tabs for hard money lenders by state . Never give up bro

Post: Credit Card Churning Using Plastiq to Pay Your Mortgages

Tereal WilsonnPosted
  • Rental Property Investor
  • Oak Park, MI
  • Posts 222
  • Votes 35

@Frankie Woods closed on my first deal using plastiq, wired the money to the title company

Post: Purchase From Wayne County Land Bank Process

Tereal WilsonnPosted
  • Rental Property Investor
  • Oak Park, MI
  • Posts 222
  • Votes 35

If you won the auction your good, did you win the auction? or did you submit offer on a property they have on the MLS?

Post: Fund & Grow Financing

Tereal WilsonnPosted
  • Rental Property Investor
  • Oak Park, MI
  • Posts 222
  • Votes 35

Recently sighed up with fund and grow , things started out a little bumpy , but once we got our communication issues straight . I was awarded 57k in business with brandon kroon with fund and grow