All Forum Posts by: Francisco Ortiz

Good afternoon, We're currently house hunting and I came across the "Loans for Alteration and Repair" section in the VA Pamphlet 26-7. My question: has anyone ever done this successfully? It's very vague compared to most of the other sections (about 1 whole paragraph). This sounds like a good way for us to get a home in a desirable location (ocean County, NJ).

Hello, Pro Peers!

   After a conversation with my fellow investors, we were wondering:

1] Is there a business structure (like an LLC) that is "ideal" for rental properties?

2] If so, is there an operating agreement example we could work off of?

@Eli Schwartz, Sorry for the late reply.

Thank you and thank you!

@tomdagney thank you, Tom. 

@Thurmon Cohen Thank you for the reply. 

I've been working with a Mortgage Corp and Realtor for the past 2 years, so my concern is not having financing or an agent, its more on the side of investing when using the VA loan.

   Hello, Everyone. I'm Frank and I've been following BiggerPockets (BP) for a couple months (mainly YouTube), so I figured it was time to take the plunge and figure out where I want this to go.

   I'm 40 years old and I've been in the Army for 20+ years. I'm married with 3 children (1yo, 2yo, and 12yo).

Ideally, we'll be making our first home purchase after December 2019. Currently, we rent for $1,425/m. We will most likely use my VA Loan for the purchase, but I'm not sure if this is the best route if we want this to be an investment.

   I have two main concerns about buying a property:

    1. Am I getting it at the best possible time/price? (I understand it is nearly impossible to time the market)

    2. Can I successfully choose the right location? I would like for the property to be as liquid as possible, which I assume means buying in an area that has high "re-sellability".

If anyone has experience using the VA loan, I would like to hear it, as well as what investment strategies you used.

I look forward to my time here on BP and getting to know all of you current and future investors!

-Frank Ortiz