All Forum Posts by: Greg Jenkins

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Hypothetical HML, 12%...3 points is what I have been given from multiple lenders. 3 months seasoning period. Hopefully I'm not running the numbers incorrectly.

@Gregory Schwartz... Multiple VA Loans??? I may have to re-evaluate Lol... Thanks for the info!

@Dan Gustavson, Hahaha... Im currently deployed as well, Crazy!

@Sharon Steenbergen, thanks for the feedback, especially the 20%...

Would this be a good idea?

Refinance my VA Loan into a conventional Loan, place that property up for rental and re-use my VA Loan to purchase a Duplex or Triplex to start my real estate journey. BTW this will happen all in the same location (San Antonio).

What are your thoughts about this, has anyone done something like this, or would it even be a good move? Thanks for your input.

@Tom S. Thanks! and I appreciate the advice on those numbers.

@Tom S. The reason I said it would be difficult came from reading posts and some podcasts! Know Im new and don’t have anything under My belt. I’m looking to getting into flips and then holding down the line. Just looking for advice, being difficult won’t stop me though lol.

@Chris Levarek thanks for the great advice! I haven't spoken to many but I'm still rolling. I did speak to a HML and his numbers were.

75% purchase

10.99 rate

100% reno

3 points

$995 for doc fees

12 month term

@Christopher Campbell thanks for the great advice. I’m looking to do a flip first them move onto a buy and hold. I’m still doing more research to ensure what is the best way to go. Again, thanks!

Will do, Thanks!