The market is full of garbage numbers and there is no shortage of newbies willing to acquire them.

Acquired our first rental property and working to attract a qualified tenant.

It recently dawned on me the idea of a non military affiliated individual assuming a VA loan, would this individual be able to then also gain the benefit of using an IRRRL since they have now acquired a VA loan through assumption?

You can convert the property to MF after acquiring it though.

Hey Jake I defnitinly like having the option having private investors but I have yet to acquire them.

You just have to decide if you want that to be of a property you acquired for $150,000 or $400,000.

I only bring it up to say it can be done, even with a group that doesn't have a long history in that market (the two deals I mentioned were the first in the market to acquired by a Sumrok student).

Assume you invest in paperstac instead…if those notes default what is the cost of exercising the lien and acquiring the property?

The first after they acquired my previous management company and the other because I foolishly decided to keep both properties under the same management firm.Funny enough my problems didn’t begin until I assigned the second property to them.

As large investors entered the market to acquire single family houses, our margins were squeezed and we ultimately could not maintain our target investor returns as the market totally changed.