Like other posters have mentioned - it will likely vary by lender - but generally most states will be OK with either Individual or LLC but there are a handful of states that due to various regulatory interpretations will require a LLC (or require a LLC to have prepayment penalties on the loan structure) Borrower = Individual or Entity AL, AK, AR, AZ, CA, CO, CT, DE, DC, HI, ID, IL, IN, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, NE, NH, NJ, NM, NY, NC, OH, OK, OR, PA, SC, SD, TN, TX, UT, VT, WA, WV, WI, WY Borrower = Entity only GA, FL, IA, MT, RI, VA (1-4 Units) Prepayment Allowed Vested Entities Only IL, NJ

I've been educating myself on real estate for the past 3ish weeks or so but I have about 10k worth of credit card debt should I try and pay it all off so I can get my credit score up and have better approval odds for my first investment loan (I would be using my VA loan).

I'm in VA and also invest in NC.

I'm here in Fredericksburg, Va. just south of Fairfax, maybe we will end up helping each other.

FHA or VA will give you the best down payment and rates if you are going to live there,Feel free to PM me for more specific advice.

You have VA benefits to use to house hack and beyond so you want to tap into those, but don't rush the buying process, focus on learning.

I just signed a consultancy agreement with a data center developer who is currently looking to purchase property suitable for data center development within the Commonwealth of Virginia.

I'll be doing this under an LLC and I'm not sure if my personal debt to income ratio will affect the purchase or if the LLC is considered to have its own debt to income ratio.That is not happening in NJ unless you are veteran and can assume a VA loan.

Purchase price: $30,000 Sale price: $63,000 Contributors: Peter Vekselman Partner Driven, in collaboration with Bob Taylor, successfully completed a deal on Wellsley St NW, Roanoke, VA.

Shawn in VA