All Forum Posts by: William Blaker

Andrew Street, thank you for addressing the question directly. I feel everyone else was lending their opinion and wasn’t very versed on the laws of “vacation” home. 
I fail to see why you’d still need to spend 14 days a year there once 20% has been paid. The only benefit of having it labeled as a vacation home on the loan is to obtain the 10% down option. Once that is null and void, what could they do when you don’t spend 14 days a year there but the principle has been paid? I’ll speak to a loan officer in person, but thanks everyone.

Thank you Jason. Appreciate the knowledge. Looking forward to learning more and possibly working with you 

Hello everyone, very first post. We're looking to get our first property this year. My question is simple: IF we utilized the vacation home option and put 10% down, does the requirement of staying there 14 days a year go away once 20% of the principle is paid on that loan? Or would we have to refinance and change the terms?

Thank you for your expertise. 

My wife and I are wondering where the funding would be to obtain the second property and beyond to build our portfolio. We can see where wed get it to get the first, but after that wed be tapped out. I don't understand all these folks claiming they built their portfolio in a relatively short time. With what money? Is it only through investors? I'm lost.

What are the top recommendations of building my portfolio as I cant continue to put 20% down on every property moving forward? I'm not clear on how folks are building their portfolios relatively quickly in many cases. Any information would be a huge help. 

Warm regards

Hello everyone, this is our first post. My wife and I, (Audrey and my name is Will), are beginning our Real Estate Investment Journey. We have no business investments yet but currently own our home in Pleasanton CA and building some solid equity. We're finally in a position to begin this journey and wish to retire from our jobs in a few years. Our plan is to invest in short term rentals, and learn more about managing from afar, BRRRR investing, and locating areas to concentrate on in regards to short term rentals. Where to begin? We're 48 years old, and excited to retire early and give back.