The board is very relaxed and I was fortunate to establish a very good relationship with the president of the board during my due diligence period.

Trump Signs Bill Eliminating the Cap on VA MortgagesJune 26, 2019George BrooksThe Department of Veterans Affairs will now guarantee no-downpayment loans above the Fannie Mae/Freddie Mac conforming loan limit under the Blue Water Navy Vietnam Veterans Act, signed into law by President Trump Tuesday night.H.R. 299 eliminates the cap on VA home loans, which means that qualified homebuyers can now borrow above the agency’s standard loan limit of $484,350 for most counties in 2019 with no downpayment requirements.The U.S.

It will be some kind of a shock, oil prices, a shooting war, major trade war, a large spike in inflation / interest rates, the election of a truly socialist presidant.  

I suggest you personally visit with the sr. vp. of lending or the president of a small bank, while these mid ans small banks will have a loan committee, that committee is usually swayed entirely by the head guy, it's an opportunity to pass the buck.

Call or email Bill Wheeler, President, Stonewall Property Group. 

The Fed’s benchmark interest rate is now between 3 percent and 3.25 percent.The interest rate for a 30-year fixed mortgage rose to over 6 percent last week for the first time in 14 years according to Freddie Mac.The Fed forecast the economy will grow 0.2 percent in 2022, down from its June forecast of 1.7 percent.Here is how Paul Volcker tamed inflation when he was appointed Fed Chairman by President Carter in 1979 and reappointed by President Reagan in 1983.

@Gayle Eisner President Obama apparently didn't hear from the same experts you did since he invested $15 mill a few weeks ago for their vacation home on Martha's Vineyard.

I also have good connections in the bank I use as the vice-president is a part time agent for my father.

You have to be careful in NY.Think of this business this way:I need a quality property that people want to rent and stay, with safe neighborhood and good schools.I need to find a motivated seller that will take EITHER1) low cash amount of cash (60- 65% ARV = After Repaired Value)2) terms (Sub2, Wrap - AITD, Contract For Deed, Lease Option, Private 1st Mortgage for free and clear house, etc).If you need a lawyer to help you get started, seek out your NY REIA President and get a referral of a good REI Attorney.Best of Luck!

He is an investor friendly title attorney and the president of NOREIA.Hope this info helps!