I have been househacking on and off for about 4 years.

But it's also true that this had been open space provided to the community for the better part of a century and now it was fenced off with not even a path or sidewalks around most of the perimeter. 5.

First off, congrats on saving $50k and landing a great postgrad job—that’s an impressive start!

You must be pretty good friends - most veterans (including myself) would never let a non-veteran assume their loan b/c the VA loan entitlement is not restored until that loan is paid off.  

I'll subto his existing mortgage and pay off the 120k.

The remaining would be paid to them as we sell off the homes built.

Would you partner with her on a deal where you were buying the property off the MLS?

If you used a loan to rehab your property and find yourself in a difficult position, doing a straight refi (just paying off the old mortgage) will be easier than trying to pay off the original loan and take additional cash out.

Most Heloc rates right now are around 7.75% to 10% so if you look at your blended rate between your fist and Heloc you would be better off doing a cash out refinance.A lot of people forget or simply do not know that if you do a cash out refinance the rate does go up but in 12 to 24 months if you do a "rate and term" refinance you can get it back down fairly close to where it was at prior.

I joined this group about a year ago and have had an on and off interest in real estate investing since then, but this year I really want to learn as much as I can before I become active duty military in July.