Any future financing (i.e. your Refinance loan) would now be a Commercial loan with different terms for amortization, Interest rates, and shorter loan length with balloon payments.  

My buddy just approached me with an offer to invest with him in buying foreclosures, he is a GC and he has done house flipping before, he wants me to invest 30K-50K of my own money and use it to get a 6 month rehab loan from a hard money lender at a little over 11% interest, after the House was finished we would split 50/50, he would also add me to his LLC that we would use for that future buy, the reason I’m thinking about investing Is bc I own my own business which will bring 200K this year in gross profits, the down side of my business is that I work 12 hour a day 5 days a week, and I feel that I’m slowly burning out.

Cannot predict the future but I do see it slowing down (plateau) but not losing value just a slow progression.  

Now it's up to building and making it work so hopefully it all goes smooth. thanks for reaching out, looking forward to good business in the future

I work a full time job now but im looking to change that in the near future.

@Lakeisha BakerWelcome to BP, and congratulations on making the decision to invest in your future via real estate.I have written a few blog posts that may help you get started here on BP, and with your investing.

I began to work…. and save…and work again.Fast forward to today, I can proudly say I was able to purchase my first townhome in March, that I plan to rent out in the future.

Wishes you continued success with your future endeavors.

This ended up being a blessing because you only get to use this program for your first home (hense the name), and if would have went through with the 0% DP VA loan I would have never been able to use the first time home buyers in the future.

As for the future of it being something like Frisco don’t see that either