All Forum Posts by: David Pere

@James Jones My initial thought is that you need to find another broker or lender. The VA loan is incredibly powerful, and if agents are shying away from it, that is an education problem. @Mindy Jensen crushed a Denver purchase with the VA loan a few months ago, and it is absolutely replicable!

I would ask them for referrals to people you can use on your team, i.e. agents, lenders, contractors, property managers, etc. 

Also, ask what areas they stay away from, and why. 

What opportunities are they seeing in the market. 

What direction is the town growing.

Anywhere in town gentrifying?

What do they need help with, and how you can provide value to them. 

Things like this.

@Aaliyah Walton What market is this? 

You NEED a new agent. They sound like garbage. 

I have friends in San Diego county beating out offers with the VA loan in one of the most competitive markets in the nation. It is absolutely possible, if your agent knows what they're doing.

@Waylon Zook An appraisal is an appraisal. Houses don't just appraise for less because of the VA loan. Financing type holds no bearing on appraised value, this is a myth.

Here are the two articles I wrote about the VA loan brother!

https://www.biggerpockets.com/...

https://www.biggerpockets.com/...

@Ryan Britt Absolutely if you have the capital, and it is a great day!

@Waylon Zook the loan type should have no bearing on the appraisal result, and VA loans are the only loan with which an appraisal doesn't stick with the property.

@Freddie Bogard It is because the VA loan is misunderstood by real estate agents (and a lot of lenders). That is why you need a real estate agent who understands the VA loan, and a lender who can go to bat for you, in order to help you take full advantage of this loan.

What market are you looking to buy in? 

@Ryan Britt Unfortunately, you cannot use the VA loan for a long-distance investment as you must intend to occupy the property. I have written two articles on BiggerPockets about the VA loan and recommend that you check them out for more information.

All that being said, house hacking with the VA loan is one of my favorite strategies, and I think you could be very successful doing it in your local market. @Kevin Mitchell and @Jon Lallande are my two go to VA lenders.

Good afternoon @Roberto Collazo check out the two articles I wrote for BiggerPockets about the VA loan. then I'd be happy to answer any other questions you have brother!

https://www.biggerpockets.com/...

https://www.biggerpockets.com/...

@Jacob Laman Do you have enough equity in the home that you'll walk away with cash? If so, I would say now is a great time to sell if you don't intend to hold the property forever. 

The market is hot!

Sure, there is a lot of potential for the market to continue rising, but there is also potential for the market to slow or dip in the future. 

My thought is that if you plan to sell eventually, and will make money right now, you should take it and reinvest it elsewhere. 

If you plan to hold long-term, or plan to move back here sometime, or would like to own a rental here, then hold on to it, as long as you can afford the payments and expenses. 

that is my two sense. 

Some of the commenters on this post are solid real estate agents, and I'm sure they would be willing to help you walk through these numbers for you. @Donald E Appleberry is another good one in the area as well.