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Kirk R.
  • Peoria, IL
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input - Yellow Letters - VA Loan - Good Time to buy - Bandit Signs

Kirk R.
  • Peoria, IL
Posted Oct 16 2014, 23:51

I have a VA loan I can use and a downpayment grant to use with the VA loan. I own one property that I rent out rooms in and pick up leaves mow yard etc. I'm not sure how long the grant is available and funded.

Right now considering if I really want to take on a 2nd.  Without the grant I would not.  I'm pretty happy and not too excited to increase my risk.

Few Ideas
  • Experiment with creative marketing - Yellow letter campaign/Bandit signs - if I find a deal I can't get rid of, I can use my VA loan and not hurt the seller - Very tempted to go this route and try to get a start at wholesaling
  • Buy a Duplex through MLS and rent out more rooms
  • Buy a decent deal on a SFH rent out rooms
  • Be happy where I am - dang grant 

Little nervous not sure how long grant is available.  Just called state office and left a message.

What would U do?  All well intended input appreciated.