You might find a local credit union or community bank that will go to 95 -100%.At one point I called 2 different VA Regional Loan Centers regarding this section in the VA lenders handbook:Assumability - The second mortgage should not restrict theVeteran’s ability to sell the property any more thanthe VA first mortgage.

Searching through the forums is like my second google, ha!

We eat the first one, thy get a picture of all the glory the plumber pulled out and the second time they get billed.

(Previous rent was $1,300 but we're about to put in a brand new kitchen from the studs, new flooring throughout the house, new furance, adding A/C, etc).So do we just pay for it all upfront and mostly drain all of our savings, or do I let the rent pay for it and utilize our other savings to get a second property this spring/summer to increase our cashflow? 

I’m closing on my second deal, a duplex that’s going to take about 9-12 months to comeplete (I’m doing the work with some sub contractors but mostly myself) at this point after that is done, I will be out of money, even before it’s finished I’ll have to raise some capital to finish it, but it should cash flow conservatively $600 a month.

A second STR in a market with year-round cash flow potential might balance out your portfolio and give you more consistent income.

You need to target upper middle class, second or third time home buyers, to get the best profits in a spec.

Ignore seller finance for a second...Can you buy a house, put 20% down...yes.

Second, the seller can ALSO blow up the deal and create problems for you decades down the road.

Census Bureau, Texas added just under 563,000 new residents between July 1, 2023, and July 1, 2024.Florida came in second, adding 467,000 new residents over the 12-month period, and California came in third, adding 233,000.