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So here's the situation, I'm a 22 year old single male who is about to graduate from the U.S. Coast Guard Academy. I'll be reporting to flight training located in Pensacola, FL with the Navy following graduation. I ...
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Hey everyone I'm Pat and new to the forum. I am 25, married, and live in Florida. As the title says, I'm new to real estate. I just started reading "Rich Dad Poor Dad" and have been skimming through the forums here to...
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So I kind of have a special situation here, and after reading the occupancy req's for VA loans am still a little confused. Basically I work for a company at corporate headquarters, which I consider my "home town", but...
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So from what I've read online it appears in order to count rental income towards DTI for VA loan you need 2 yrs experience. However, with FHA there is no requirement.Would it be feasible to attain let's say a 4plex wi...
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Background:
So I'm about to close on a duplex utilizing a loan from the Veterans Affairs for a primary residence. I'm going to identify a homeowners insurance company to my lender in the next day or two. When I begin...
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Investment Info:
Single-family residence buy & hold investment in Richlands.
Purchase price: $114,000
Cash invested: $12,000
Purchased with creative finance. Subject to and mirror wrap.
Cashflo...
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Good morning, I recently closed on my second home, which means my first home will be on the renters market here within a couple weeks. I ended up paying 2k cash to close instead of 30 like I was going to initially en...
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Hi everyone! I have a question regarding the va loan entitlement. I recently used my va loan to purchase my first duplex 4 months ago. I live in one unit and rent out the other unit. I am considering taking a promotio...
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Hi BP, I had a question. I am looking into refinancing a home I am currently renting out. It was bought a few years back when I was stationed there and was my primary residence.My current tenants are moving out in a f...
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Hello Everyone,My husband is Active Navy. He will be accepting orders to FL and moving in August. I will remain behind in VA for another year so my daughter can graduate High School. My plan is to move out of our c...