All Forum Posts by: William Mccurdy

How to win friends and influence people. You can google it and the pdf will come up so it's free. It's not about Realestate per say but it's a lot about Lincoln, Rockefeller, and many of the great investors life experiences in business. Well worth the read and will change your way of thinking.

Don't make the va Loan your go to. Try to branch out. Using other people's money is the best way to make money. Houses have to almost be in perfect condition to be approved for a va loan. That means you don't get to truly benefit from the forced appreciation that comes from repairs and upgrades. I agree the va Loan is a great tool and that's how I bought my first house. Just keep on the lookout for your next lending option and if you can save your va loan do it.

The va loan is a nice stepping stone into your first property. As mentioned above to get the most use from it you need to buy a 4plex and live in one unit. However don't get stuck on the va loan. It will slow your growth as an investor trying to meet all the criteria of the loan. Best of luck!

@Mike Dymski i just wonder how many BRRRR's can you get before you have to move to a different form of commercial lending.

@Victoria Townsend that depends on your financial standing. If your looking for a financing plan because you don't have the funds you can do the homestyle or fha 203k loan process to fund the whole deal. It's a very complicated loan process. If you have the funds you can pay for the remodel yourself. Option 3 is get private financing for the remodel portion. 

Contracts with property managers is 100% based on your contract. Now I understand you are saying duhhh. What I mean by that is I have found there is not a norm for anything when it comes to property management. It's all what you can negotiate.

One of if not the only major risk in it is the seasoning period and the reappraisal down the road. If you do your research before hand the seasoning problem can be avoided. However the appraisal issue is something you have no controle over. It happens often where an apprisal comes in lower than needed so again it forces you to do a GREAT deal and be conservative.

Levi T. I am about 45 pages into this book thanks to your suggestion. It will really make you contemplate your choices. Thank you!

Timothy Church I am trying to do my research on how taxes are handled and I am starting to agree with you. this is all foreign to me but I understand most of it. Thank you for the reply.

So I didn't fully understand what I was asking. Okay to correct myself. Straight line or double declining balance depreciation.