Denis Ponder
VA Home Loan Question
8 July 2024 | 6 replies
Yes you can as long as your father will live in the home as his primary residence and you put enough down to cover your portion of the loan that VA will not guarantee.Here are the VA guidelines for calculating the down payment.VA calculates the guaranty as described in the table below.Step Action1 Divide the total loan amount by the number of borrowers.2 Multiply the result by the number of veteran-borrowers who will beusing entitlement on the loan.There is usually only one veteran borrower, in which case the resultof this Step is the same as the result of Step 1.3 Calculate the maximum potential guaranty on the portion of the loanarrived at in Step 2 (as if that portion was the total loan).Use the maximum guaranty table in section 4 of chapter 3 of thishandbook.4 VA will guarantee the lesser of:• the maximum potential guaranty amount arrived at in Step 3, or• the combined available entitlement of all veteran-borrowers.5 VA makes a charge to the veteran-borrower’s available entitlementin the amount of the guaranty.If more than one veteran is involved, VA divides the entitlementcharge equally between them if possible.
James Thompson
Sold Florida STR - 1031 or Cash Out???
8 July 2024 | 18 replies
Either close to water/beach, or in scenic/mountain area.
Brian Cannon
Seeking Advice on Hot & Cold Markets for STR in 2024
7 July 2024 | 7 replies
Natural elements...beaches, mountains, national/state parks, etc.... have always had a tourist drive to them for many many years.
Nicholas Owens
Mortgage Broker in Upstate NY
8 July 2024 | 5 replies
I’m also a big fan of being able to sit down across the table from somebody, but I’m just an old soul at heart.
Kyle Aho
Takeover existing Land-Contract and create 2nd Land contract
8 July 2024 | 4 replies
I'm in Dickinson county (Iron Mountain) I'm a Resort owner and multifamily investor.
Chris Seveney
This Blows My Mind For Those Acting A A Lender
12 July 2024 | 40 replies
You see it when the ignorant state that banks are scamming everyone by charging COMPOUND interest, and their “proof” is the amortization table showing all the interest being paid over 30 years.
Alicia Marks
Have a question you'd like asked on the BiggerPockets podcast?
12 July 2024 | 79 replies
This one in the NC mountains, and we are renting it out as a STR.
Mike Dumont
How are you changing Colorado leases with new HB-1098 "Just Cause Eviction"
7 July 2024 | 1 reply
Lurker here for years, 24 doors across 8 properties all LTR in Colorado mountains.
Alexander Szikla
Investing in Real Estate History: The Louisiana Purchase
7 July 2024 | 2 replies
Imagine acquiring over 800,000 square miles of land, stretching from the Mississippi River to the Rocky Mountains and from the Gulf of Mexico to the Canadian border, for a mere $15 million — a touch below $440.3 million in today’s dollars.Basically 1/500th of a penny per square foot.This strategic acquisition not only expanded the United States’ territorial footprint but also unlocked immense potential for economic development and westward expansion.For savvy investors of the era, the Louisiana Purchase represented an unparalleled opportunity to capitalize on vast tracts of fertile land, abundant natural resources, and access to key waterways like the Mississippi River.
Michael H. Cook
"Shenandoah" STR: What to know
8 July 2024 | 35 replies
No matter where you are in this area, you will get some type of view of the mountains, the sunrise, and the sunset.