All Forum Posts by: Hamp Lee III

Welcome to BiggerPockets!

What I'm finding in our market is that it takes a bit of patience to find a desirable property. They are out there (even on the MLS), but it takes a little time and strategy to see what might work for you.

Because you want an owner-occupied property, having significant repairs may not appeal to you...and that's okay.

Find a great investor-friendly real estate agent that can help you navigate these "mirky" real estate "waters."

I believe your house is out there. Give it time. You'll find it.

If you have any questions or want to look into the San Antonio market further, please message me.

I wish you all the best.

Welcome to BiggerPockets!

Based on what you're sharing, I would flip the house. With the potential of receiving $63K (not including other costs), you may be able to purchase two other homes. One you can purchase with a FHA loan and another as a rental…or reload at the auction.

You have a great “problem” here, but I recommend running the potential numbers of each strategy to be sure.

I wish you all the best.

Great info! 

I'm active duty Air Force with three VA loans.

1. Do you have enough VA loan entitlement left to purchase another property? Check the limits for multifamilies as well. Of course, you'll need a qualifying reason for moving in the city.

2. Have you researched Navy Federal loan programs? Without being banned for advertising, they have a program that you might find interesting for members who exhaust their VA loan benefits specifically. I used this one too.

I hope this helps.

I wish you all the best.

Let's jump on a call so we can "dial-in" your preferences.

If you don't hear from anyone in this post, check out Pink Door BNB: https://www.pinkdoorbnb.com/

They're in northwest Arkansas and might be able to point you in the right direction or provide some services for you.

I hope this helps.

I wish you all the best.

Welcome to BiggerPockets!

House hacking is a great way to get started in real estate investing without a lot of your own capital to start.

Rhode Island provides down payment assistance for first-time homebuyers: https://governor.ri.gov/press-...

Plus, if you're eligible to use your VA loan benefit now (depending on your time in the Guard), you can use it to help you start your portfolio as a primary residence (1-4 units).

I wish you all the best.

I'll also add these points as well:

1️⃣ Download this ultimate beginner’s guide: https://assets2.biggerpockets.com/uploads/user_file/file_object/1694/UBG_2018.pdf

2️⃣ Read BP beginner books on investing: https://store.biggerpockets.co...

Also, read Rich Dad, Poor Dad by Robert Kiyosaki and Think and Grow Rich by Napoleon Hill

3️⃣ Subscribe to BP podcasts or YouTube channel and watch their webinars.

4️⃣ Ask questions here on the forums.

5️⃣ Consider joining a BP bootcamp: https://www.biggerpockets.com/blog/real-estate-investing-bootcamps

I wish you all the best in your investing journey!

I agree with starting locally. Being local allows you to have your eyes and hands on your project, even if it's a buy-and-hold. It's a great way to get started.

I wish you all the best.

Welcome to BiggerPockets!

Check out this post and contact Grace Widdicombe

 https://www.biggerpockets.com/...

I hope this helps.

I wish you all the best in your investing journey.