If you are trying to buy an investment property as a primary residence, then you are committing mortgage fraud, which could lead to calling your note due, fines, or even jail in extreme cases.Converting to a Conventional loan would require a max 75% LTV (loan to value) as an investment property, so if you are buying with a VA loan with 0 down, then somehow you need to magically create 25% equity within the first year.That's why you need to live there for a year. 

Coastal properties hold their value extremely well and will only keep going up. 

So,I got my license and joined a RE investment firm to learn as much as I can about the inside workings of this beast.Yes, I wholesale, but honestly, I'm not caught up with making a quick buck.

I would honestly asked to have it removed for your own protection.

How can I be honest with him and not tell them the appraisal numbers???? 

Hey Darryl,To be honest I have never heard of a hard money lender going that low, the minimums I'm familiar with are $50k.

Honestly, I'm still educating myself.

And honestly I had a brain fart.

I take an honest look at what the building can support, give an extra margin of safety, and take out about that much. 

Honestly, the best moves in OKC right now are existing rentals, so properties that are already cash flowing with a tenant in place.