All Forum Posts by: Emma Kellenberger

I've been thinking about taking a dip into a SFH as my first property. Are there any loans that don't require you to move in for a year before rent out? Also,we have the option of a VA loan, I'd like to save that to use for a bigger property investment like multi family, but does anyone have any suggestions for me otherwise-to use the VA loan for SFH or save it?

Second, if I had to live in the property for a year before renting, would it still count if I lived there but also rented it out (rent out rooms)? Similar to living in a duplex- living in one side but renting the other. 

Thanks in advance!

@Christian Bors, I do plan on making renovations already, if I am able to swing a deal and get him to sell. My biggest concern is figuring out how to approach him! We have never spoken before, he only has contact with my father. How could I utilize my oarents’ ‘renter and landlord’ relationship?

I am looking to get a head start on my first investment. My parents house, which is actually not for sale. They have been renters of the house for 16 years, since I was 4. The couple who owned it when I was little passsed away and it was sold to another man, whom is “broke” (grape vine from my parents) and he doesn’t do much to actually fix anything that needs to be fixed. He pays some under the table random to just do the work that needs to be done and it is not done well. The house is located in Wilmington, NC. The person who currently owns lives in Raleigh. How can I go about trying to purchase the property? Should I hire an agent to contact the owner to see if we can make a deal on the house? 

Thanks!