Keeping the Ball Rolling

[Tyler Kaye]

I just purchased my first condo on Whidbey Island. I feel like I got a pretty good deal. It was a foreclosure and had been on the market for over a year. I found it using the MLS. I used my VA loan to go in with no money down or at closing; requested 3.5% in closing from the bank.

The condo I just purchased is required to be owner occupied for one year to satisfy VA requirements. Unless I sell. Which I might do this fall. I will be doing most of the rehab work myself. There isnt much needed other than updating the interior.

To keep moving forward into my next deal, should I consider HMLs or PML? It seems like it would be difficult to secure conventional financing considering I just used my VA backing for the first time.