All Forum Posts by: Brent Vossler

@Joshua J Cawthorn appreciate the insight man!

Just got off the phone with a friend that’s a loan officer in San Diego. He mentioned needing two years of income history and mine is spotty over the past two years since switching from software to energy. He also mentioned that my overtime and per diem wouldn’t be calculated in right away either which is where a good chunk of my Income comes from. I read somewhere that work history doesn’t come into play as much with disabled vets. Is this true?

@Jamie Beaston thanks for the info! I have called San Diego home for the pay 10 years but the place is just a bit out of my price range for the location I’d want to live (PB,La Jolla, DT) or I’d buy in a heartbeat.

I work in wind energy and I’m on the road a lot. My company, like most wind companies, have a 6 week on, 1 week off schedule and fly me to and from home for much needed time off. I’d really like to have a home on an island so I can blow off some steam and disconnect. It’s rare to be in the same location for more than a couple of months. So when they put me on a plane for R&R, I’d rather it be pointed towards clear, tropical water.

@Richard Stover thanks for the insight. Virgin island have been hit hard by hurricanes in the past couple years and now the tourism is hit pretty hard...

Even if my multi-family island dreams are a bust... I'd still be interested in a single family. Even better if it could use some work but still pass a VA inspection.

@Jeff Wagner thanks! I'm still just an absolute noob, but I think using my VA loan for a multi-family is a step in the right direction for getting into RE. I plan on taking some time off and heading down there soon. Would love to connect with someone local about the process.

Forgot to mention... I see that I can use rental income towards obtaining financing, but can’t seem to find a straight answer anywhere online about this. A pointer to this information would be very helpful! Thanks so much. Really excited to get into real estate and own my first home and income property.

My research has come up with a DTI ratio for using a VA home loan at 28-41% but in-person, I have heard realtors mention VA loans of up to about 50% DTI!

I am a first time homebuyer, looking to purchase a multi family property in either Virgin Islands or Guam (island life! I’m a diver).

My income is about $95k/yr, debt/obligations are <$500/mo and I have a 720 credit score currently. I’m looking at a few 4 unit, multi-family properties in the $450-550k price range.

Does anyone think I would have a problem obtaining financing with the VA with those numbers? Should I wait longer and increase salary and before I apply? I've been working hard to get my finances in order, getting out of debt and sacrificing wherever I can to live this kind of life and move into REI eventually... any insight or thoughts would be awesome! Thanks!