All Forum Posts by: Greg Schreffler

Thanks Michael. I'm currently under a VA. Moving 88 year old mum, isn't an option right now, but I certainly understand the benefits a move like that would make. I didn't follow-up on the "Yes and No" answer b/c it's not something I'm going to pursue right now, but you're right, clarification would be needed.

Thanks for all the insightful feedback.  I find it interesting to note that no-one recommended STRs. I've been told that AirBnBs make more money than LTRs.

Your thoughts?

What brought me to real estate investing? Podcasts. I have all the above in motion. Between HELOC & conventional I'm looking at $850 available. I don't mind getting my hands dirty, been doing that my whole life, but I don't want to unnecessarily put myself at risk legally. I'm of the belief, work smarter not harder. Retirement, tax, gen wealth all sound good.

Thanks for the reflective thoughts.

Knowing what you know now, what would you focus on if you were late to the real estate investing word (chronologically speaking)?

Youth is not on your side. You’re now 54.  At this age what real estate investing strategy would you focus on first & why?

Many thanks!

Today I met w/ a loan officer & discussed options. As you know, to qualify for VA or FHA one has to live at property. So that option's not available for me b/c my 88 yr old mum & hearing impaired daughter live w/ us.
I did ask him if I could keep our current house & I move in, would that work? He said, Yes & No. I didn’t really explore it further b/c I can’t leave my mum.
We talked bout need to put down 25% (instead of 20) just to get a better rate. Course the more u put down the better, but the flip side is the less reserves you have. So it’s tricky.

The loan officer said that I'm good to go for getting a conventional loan at whatever amount I needed (to a point, I'm sure) but at least that was good news.

Next stop/option for me is to look into HELOC.

Thanks for reading.

Howdy. Welcome. I'm also new & in the ATL area, but east side.

Congrats & good luck.

Shopping around for the best deal makes sense but how do you do it w/o dinging your credit? It seems like they don’t want to talk to you until they can pull your credit report. 

Don’t know that I’m drawn to turn key, just exploring options.  

I live in the ATL market. 

I think I’m down to multiplex & abnb. 

Thank you sir.

Any issues w/ REI Nation?

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- Family Owned turnkey company with 19 years of experience assisting out-of-area real estate investors to build their passive income portfolios.

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Thanks for your feedback.