Using the skill set acquired from the invaluable tools and resourceful community I had my first investment property 12 months later. 

Link: https://www.fanniemae.com/content/guide/selling/b3...So you need more than $50k to get the Conventional Loan on that property.

Hello and greetings fellow BP community im a newbe to investing and got highly intrested in wholeselling im hoping i can find sum local or established investors to guide me on my journey.

Could you please share a template so I can use it as guide.

There are so many great resources on this site, so keep learning:Attend local REIA meetings and connect with like-minded investors: http://www.biggerpockets.com/meetRead the Beginner’s Guide: http://www.biggerpockets.com/real-estate-investingListen to the BP Podcasts: http://www.biggerpockets.com/renewsblog/category/podcast/

Been listening to podcasts and doing a lot of reading and it won't surprise anyone that I find this community to be an amazing resource full of some really thoughtful and kind individuals.We are currently making an offer on a piece of land up in the Seattle area (hopefully around $170k) that appealed to us because of it's location for a possible home when we retire.

Could you please share a template so I can use it as guide.

Here is the link to the credit underwriting guide from the VA https://www.benefits.va.gov/WARMS/docs/admin26/pam...I don't see a specific FICO score minimum in there. 

As always, state laws will be the best guide.

“The new loan amount can be no more than the actual documented amount of the borrower's initial investment in purchasing the property plus the financing of closing costs, prepaid fees, and points on the new mortgage loan (subject to the maximum LTV, CLTV, and HCLTV ratios for the cash-out transaction based on the current appraised value).”https://www.fanniemae.com/content/guide/selling/b2/1.2/03.htmlI would like to get as much out as possible and move to the need deal.