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13 December 2024 | 2 replies
Key Steps Before ProceedingContact the Loan Servicer: They will guide you through the assumption process and confirm whether an entity can participate.Consult an Attorney: If you’re considering title transfers or joint ventures, an attorney familiar with VA loans can help you navigate potential risks.Understand Due-On-Sale Clauses: Ensure any post-assumption changes comply with the loan terms to avoid triggering repayment demands.Final ThoughtsVA loans are a unique and valuable financing tool, but the program’s focus on personal borrowers makes entity-based assumptions unlikely.
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16 December 2024 | 18 replies
You will likely be annoyed if you get a request for 4 rooms when you have just filled a single room, so be prepared for that.2.
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15 December 2024 | 30 replies
All the theory and strategy on here can help prepare you but the best education is doing.
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16 December 2024 | 7 replies
MOST transaction aren’t BELOW market, although I’d venture that 85% of those buyers BELIEVE they’re purchasing real property at a discount.
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27 December 2024 | 34 replies
it sounds like you're really eager to deploy a bunch of capital into supposedly cheaper markets, but you're not going to cash flow $500 on a random single family anywhere unless you are self-managing and super hands-on and prepared to deal with rough turnovers.
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12 December 2024 | 17 replies
I would venture a guess that many investors believe that agents who cover the same territory are competitors, however as I'm sure you are aware that there is more success in collaboration as agents than competition.
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12 December 2024 | 2 replies
No risk, just reward—whether for personal deals, joint ventures, or simply passing along awesome prospects to each other, I’m always actively prospecting for new deals and sharing them with my network.Let’s collaborate, learn, and grow together!
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4 January 2025 | 67 replies
Actually started this venture about 3 years ago.
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14 December 2024 | 6 replies
Live in one unit and rent out the others to cover your mortgage.Seller Financing: Negotiate terms with the property seller where they act as the lender, often requiring a smaller down payment and bypassing traditional underwriting.Partnerships or Joint Ventures: Partner with an investor who provides the capital in exchange for a share of the property’s equity or income.Lease Options: Use a rent-to-own agreement, which allows you to control the property while saving for a formal purchase.BRRRR Method (Buy, Rehab, Rent, Refinance, Repeat): Acquire a distressed property with short-term financing, rehab it to increase value, rent it out, and refinance to recoup your initial investment.Pro TipStay in close communication with your lender as you approach your next purchase.