Hi all,I just got off the phone with a Navy Federal Credit Union employee who told me the highest LTV allow on an investment property is 70%. 

I was born in beautiful Colorado Springs, CO, but moved when I was very young because my father was in the Navy at the time.

It's always good to see another fellow veteran in real estate (I was Navy). 

I am a veteran and I tried to get a loan through navy federal for a fixer upper and they told me the place has to be move in ready and the house I’m looking at is not move in ready at all

For context I have about 7 years experience in Handyman (and started my electrical license before going to the navy) and have just gone into business for myself.

I think the only colors it wouldn't go with are navy blue and dark gray.

My husband is active duty navy so we have lived all over :) So we have had the opportunity to see a diverse area.You will love the diverse community and all the resources.

And I'd like to do a STR because I am near a Navy base and shipyard with lots of workers (active duty and civilian) being TDY from different areas.

For instance, if you own your house out right and it's worth $200k, then Navy Fed or whoever you use should be able to open a $140k-$150k HELOC that you can use as “cash” once you have closed on the HELOC.

That was Navy Federal.