Whether it’s for primary, secondary, or investment use, the buyer still has to qualify with the lender based on their own financials, and that’s where the real hurdle can in.

: DSCR loans are designed for real estate investors, allowing you to qualify based on the property's cash flow rather than your personal income.

But don't feel locked into formal education if your main goal is to get into investing, often the best lessons come from doing it.Feel free to reach out if you need any advice on financing your house hack or future investments.

I qualify for a VA loan but my question centers on the requirements. 

Depreciation, and if it will increase your property tax.Find out what will be your new insurance requirements, and verify your lenders  are aa onboard with this transfer.Add up your resident agent fees, and find out the yearly costs for PO boxes if needed, plus the yearly cost for corporate formalities for each shell.The Federal Government now requires every entity to file with them yearly, the owners of the shells.

Don't expect the best DSCR rates for this property use as your pricing will get adjusted for this type of use.Commercial financing is also available for such uses, but can be more difficult in terms of cost and qualifying. 

Assembly Bill 1771, also known as the California Housing Speculation Act, aims to change real estate tax policy to discourage investors from quickly reselling properties like single-family homes.Under the proposed bill, an additional 25% tax would be imposed on the gain from the sale of a qualified asset (including homes) within three years of the previous sale.The tax reduction is dependent on the number of years passed since the initial purchase of the qualified asset, ranging from a 20% reduction for sales occurring between 3.01 to 4 years to a 100% reduction for sales occurring more than seven years after the initial purchase.The revenues generated by this tax increase would be deposited into the Speculation Recapture Community Reinvestment Fund, which aims to support affordable housing, local governments, schools, and infrastructure projects.The bill is introduced by Assembly Member Ward, and the proposed tax changes would take effect from January 1, 2023.Assembly Member Ward argues that short-term investors in the market, including fix and flip investors, contribute to rising housing prices, limiting opportunities for Californians to purchase homes.While the bill may discourage short-term speculative transactions, it is worth noting that California's tax laws still provide certain advantages for investors, including unlimited tax write-offs and depreciation benefits.The bill is subject to legislative approval, and Assembly Member Ward will speak publicly about the bill at the San Diego County Administration Center on a specified date.Please note that this is a simplified summary of the bill and its potential impact on fix and flip investors.

Have you spoken with a lender to see what you'd qualify for?

Since this issue is "small" it would be handled in a small claims type court and those seem to be notoriously lacking in legal formality.

Hi Andrew,After your verbal agreement on seller financing terms, the next step is to formalize it legally.