I bought this residence with my VA loan but realized I should have used either conventional or FHA due to the low cost of the home.

If you use conventional lending it can be 6-12 months (12 months fannie, 6 months freddie to use the current market value).

You can acquire your first primary for 3-5% down for conventional or 3.5% FHA + upfront cost for fha specifically.

I would reach out to a conventional lender/broker to see, I just do DSCR and hard money so my requirements are very different. 

We would get a better conventional loan rate on a new primary (vs investment property) and be able to put less than 20% down (if we wanted to).

While this approach ensures more reliable tenants, it also limits the pool of prospective renters, making it challenging for individuals with less conventional financial profiles to secure housing.Given these challenges, I have decided to exit the Ontario rental market.

Hi @Will Newmiller - I bought my first 3 properties with conventional 20% down loans, using funds from my business and loans from my wife's TSP.

Conventional How did you add value to the deal?

The best place to find buyers and sellers is at conventions and networking which can be done on BP. 

Digitize physical receipts for easy storage and use a consistent naming convention for easy sorting - 2024.03.25 Home Depot. 3.