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15 September 2021 | 6 replies
I have just restored all of my VA entitlement AND have full entitlement and I'm going to purchase another owner occupied 4 plex using VA or purchase using hard money and then cash-out refinance using VAthxs for the help y'all!
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23 September 2021 | 22 replies
If you are planning on using your VA loan again when you PCS, you are required to ‘dispose’ of it (such as selling it) or get a one-time reinstatement of benefit in order for your full entitlement to be restored so you can use it again if you don’t have enough ‘entitlement’ left otherwise you’ll have to put 25% of the difference as a down payment.
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23 September 2021 | 2 replies
You put 3.5% down the bank puts up the rest. Or
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10 October 2021 | 18 replies
.* My offer was for $650,000I did not think they would actually take the offer at that price, but was hoping they would counter.Their reply came back - NO, no counter and mentioned they would not do the eviction for owner possession either.The buyer in 1st position should have their subjects removed by Saturday the 25th.I will submit a revised offer of $700,000 on Friday 24th, so at least they know there is someone who is genuinely interested and hopefully they will counter with something.I believe the building needs $200,000 in work to restore it to about the same condition as my building.
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12 October 2021 | 1 reply
The main floor studio is a restored throwback to 1920's flare, with What made you interested in investing in this type of deal?
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1 October 2021 | 5 replies
Wood siding will cost you about 1k to maintain per year on average.Generally most of the 1920 were very well built and are totally worth to restore!
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29 September 2021 | 22 replies
My thoughts were this; i knew that there would be significant restoration to get the smoke smell out so I gave the tenants back their first last and one month security so mutually break the lease as long as they could move out in 30 days.
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29 September 2021 | 2 replies
Why not just restore it back to former use?
30 September 2021 | 5 replies
There's a large pile of renovations that need to take place (foundation lift, roof repair, windows etc...).I see it as a great opportunity to restore it to a functioning rental property, especially given that there is no outstanding mortgage.
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4 October 2021 | 4 replies
A couple of windows had broken jambs and glass and I had to replace them (I tried to restore them and repair the jambs but it didn’t work).