Hi guys i am john. I am actually a military member part of the navy seabees. I bough a house couple years ago and did some simple renovations. Now the house is rented. I moved to virginia and adquired another house with a VA loan im been doing improvements on the house expecting to sell it after two years, which is the minimum living period that i have to spend in the house to be able to sell it. Right now i dont have cash to invest on other properties . I want to know how is possible to buy with not money. So i can keep moving faster.
@John Ardila welcome to BP! You should check out an earlier post I made.
Welcome to BP and thank you for your service!
To answer your question, there are a lot of creative ways to buy for little to no money, but those deals are tough to find and are going to require a lot of digging. VA loans are one way. I don't deal with a lot of VA loans in my area so I am not familiar with what the restrictions are, but I imagine you won't be able to get many concurrent VA loans. I have several family members who are agents in the Norfolk/Hampton Roads area whose business is primarily VA. They could be a good resource if you are interested. You could consider flipping a few houses until you have the capital to buy some rentals. Look for owner financing or lease options. Look into buying homes "subject to" (sub2). I'm sure you can find a list of a 1,001 ways to buy for no money down. Don't try to master them all, just pick one that works for you.
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