All Forum Posts by: Victor Triana

@Harjeet Bhatti

Planning on buying the starter home at a 80k to 90k value if that helps at all.

And thank you for answering.

I’m planning on getting started on real estate

I'm a Veteran which means I have access to the VA Loan

Have a 750 credit score

About $15K in emergency fund

And pretty good weekly income.

I don’t have a long work history with my new job since it is my first job outside the military, I’m still going to save up at least 15K more in order to use it for rehab

Or some down payment if needed.

Main question is will banks be willing to lend to me even though I don’t have a long work history?

Been working for about 2 months in my new job an planning on staying, but really want to get started as soon as I have the 30k saved up

15 for reserves/ 15 for rehab (nothing to big just to get the ARV to a better number)... planning on buying below market value obviously.

I would like to start investing in real estate as an owner occupant, I just recently got discharged from the Marine Corps and will be using my VA Loan for a 0% down payment.

I have a good amount of savings around $15k but given the fact that I just got discharged do not have a long work history with my new job.

Will banks be willing to give me a loan with short work history since I have enough savings and a very low debt to income ratio?

@Luke Paul

A lot of times adding bedrooms or things like that doesn’t add as much value as one think.

Making a 3 bedroom go to 4 sounds really good, if your trying to increase rent but if you’re trying to sell it, it might hurt you when it gets “appraised” because its an addition.