All Forum Posts by: Victor David Ward

Congrats Sarge. I'm twice your age (almost) but I want to be like you when I grow up. I just used my VA loan (3/21) for the first time 30 years after I left Ft. Bragg. I bought a fourplex and I'm house hacking. I want to repeat this as many times as I can over the next 10 to 15 years. I have formed an LLC and the plan is to sell the Small multi families to my LLC so I can become eligible for another VA loan rinse and repeat. The problem is financing. My LLC is a startup and I don't have much cash (no cash really). How can I get the financing for my LLC? Can I get it without putting 20% down? Thanks for your help.

BTW. Do these title companies have RE attorneys on staff? Someone to afvide with option contracts, subject to financing, wrap around mortgages, payment processing stuff like that?

Thanks! I'll check it out.

Thanks. Any suggestions on how to specifically identify multifamily property in a specific area code?

Let me know if you find someone. I'm in TX (Houston, Austin, College Station area) trying to get started and I need to find someone too. I'll try to remember you too if I find someone. So much. 

I want to house hack a small multifamily. I see a lot of people talking about living rent free and that would be great. I could save what I'm paying now and put it towards future deals. I've been trying to use the BP Rental Calculator to find a property on the MLS that would generate a modest monthly positive cash flow and it has become painfully obvious that I am not going to be able to get there using that math on the available small multifamilies where I live. Not even close. In fact on even the cheapest properties I end up paying more than I pay now.

The way I see it I have only 3 options: 1. Use different math. The calculator looks at things that aren't necessarily cash layouts from month to month (such as property taxes which is the biggest and maintenance and vacancy cost etc.). Also the calculator doesn't take into account any income tax savings I might gain at year end. 2. Find distressed sellers who are willing to sell at TREMENDOUS discounts (I don't see that happening) or 3. Accept the fact that the much talked about positive cash flow house hack is not doable for me.

Anybody got any suggestions? What am I missing? Thanks.

I want to do the same thing in TX. Brandon Turner just did a webinar on purchasing/hacking small multifamilies including using the calculator. It's everything you need to know. Check ot out.

Thanks to all. You have been very helpful. Especially Nathan.

I signed up for the free version of HappyInvestor.com out of curiosity and then got sold REKI (Real Estate Knowledge Institute) for $8K. Having serious buyers remorse and trying to get my money back. The little training that I did receive has gotten me motivated to become a RE investor but I need a game plan for how to do it (one that doesn't cost $8K). There is so much out there its like drinking from a fire hose. I know there is not a one size fits all/cookie cutter solution but I need something that outlines a general path and points to other sources to help individualize the process. Thanks.