All Forum Posts by: Victor Simental

Originally posted by @Samantha Reeves:

Originally posted by @Victor Simental:

That's the part I am stuck on because I was almost done with purchasing a home it was new so I know what the process is I just need to see if a home is VA eligible and I can turn the home for profit... Also if I use the VA loan will I be able to use it again what's the terms on va loans ?

 I wrote a post on the BP blog Friday that talks about multiple uses. Here's a link: https://www.biggerpockets.com/renewsblog/2016/01/2...

Hope that helps answer your questions.

 Awesome I'll take a look at it thank you 

That's the part I am stuck on because I was almost done with purchasing a home it was new so I know what the process is I just need to see if a home is VA eligible and I can turn the home for profit... Also if I use the VA loan will I be able to use it again what's the terms on va loans ?

Ok well I'm 22 years old living here in the springs I am in the military. I have been looking into real estate investing for a while and didn't know where to start I did a lot of reading and I seem not to be sure if I am going on the right path or not as far as my plans. 1. I was planning to buy a home to live in that is a fixer upper while I'm living in it. I can do most of the repairs I have good experience on all most of the remodeling. So I was thinking 6 month time frame in living in this house and flipping if for a profit . So now is what type of loan do I use I don't have much money saved up. So that leaves me with VA loan or FHA? Or ? So far that's where I'm clueless on the financial part . Any helpful advice where I can look ? Or send me in the right direction?

Originally posted by @Will McVeigh:

Hi Victor, I just got a SFR in March in the Springs that's netting around $225 / mo in cash after management and maintenance. There's some good places off of North Powers. One thing I didn't do when I started was look into a quad or duplex with my VA. If you haven't used your VA yet, you might be able to get one of those to generate additional revenue while you're here.

 Hey well basically i  only got pre approved for 225k. I have been looking i found a few as far as rental opportunities  but i dont know what approach i should be taking 

Originally posted by @Brad Starling:

Welcome, @Victor Simental, to Colorado Springs and BP. This is a great community for learning! Springs is a great place, but market is a little tougher right now for investing. Would be glad to chat or answer any specific questions you might have about the local market.

 Hello I appreciate the help Im looking forward for the challenge ill do my homework. i am currently looking for a townhouse to buy then rent it out in about a year thats if I move back to California

Hello I am from Colorado Springs, CO. My name is Victor Simental . I moved here about a year ago. I am in the military currently trying to buy a home. I joined Biggerpockets to try to learn and get some tips from here. I hope i can learn from here!