All Forum Posts by: Tony Karns

Never heard of it Curt , I will look it up.

Haha, yea that realtor doesn't know what they are talking about. My advice find a different one. Having the right realtor and lender combination is very important, because the whole VA process can be tricky.

Elizabeth, with a VA loan the is no PMI. The VA guarantees the loan. One of the few awesome benefits from the services

Ryan,  I have reached out to my realtor  and other members on BP in order to research the numbers better. I will be self managing as I will be living in the other unit, but I will attempt to reach out to the owner and see if they are willing to share that information. I have checked Zillow ads and the number are very close. I plan on reaching out to an insurance broker tomorrow.

Andrew, as a Vet I cam also claim a tax exemption based on my disability , correct?

 Andrew, is the 360k  too low? Not sure I understand the statement about the market rent being 1% or more. I ran the number though Rentometer this is my results:

Your results are based on 15 4-bedroom rentals in a 2.27 mile radius. 

Average

$2,791

Median $2,850

80% $2,250 - $3,500

60%$2,273 - $3,125 

While I am not able to answer that question about why the rents are so low. I can tell you that I have run the number in multiple scenarios and while I will have a negative cash flow during the time that I live there, my living expense will be almost free. Are there concerns with my numbers?

yea Nicolas, I think that realtor was trying to drive you a particular direction.

I am relocating to TX , so it won't be out of state. The only requirement that I know the VA has is that it must be your primary residence. No time stipulation from my research.

wow that is a lot more than what I expected.