All Forum Posts by: Jerome Boudreaux
Jerome Boudreaux has started 2 posts and replied 8 times.
Post: How powerful is the VA loan?

- Posts 8
- Votes 2
I hear a lot of people mention how powerful the VA loan is and the more people I ask the more I realize no one can give me good in depth answers. Their answers are always along the lines of "no money down" or "you can use it basically an unlimited amount of times". I'm reaching out to BP to get good in depth answers about how powerful the loan truly is as I have tried to find podcasts/books and can't find any good ones. (If you have any books or podcasts with more information please include them as well).
@Patrick Roberts thank you, I would say that I'm unsure of if I can handle the multi unit so I appreciate the advice and will stick to a SF home to begin.
@Rich Hupper thank you for the advice my primary goal is getting that PHD right here in the forums!
@Jaycee Greene I have not done it yet so if you wouldn't mind running me through that would be much appreciated.
@Rich Hupper Thank you!
@Jaycee Greene Yes! that is actually the duplex I mentioned.
@Jaycee Greene Thank you for the response, I have found multiple of each (SF & Duplexes) one duplex and two SF have caught my interest. The duplex is about two blocks from our state university which interested me because tenants will be quite easy to find. One of the SF (which if I go this route will be my starter home) is at the heart of my city within a 10 minute drive from almost EVERYTHING while the second is a bit on the outskirts and near all of our oil and gas company's (hundreds as per google). So each option has its specific pros and cons but since I am still extremely new and still learning I can't quite decide which option is best.
Morning,
I am JB from Lafayette Louisiana (about 50 minutes from Baton Rouge). I am brand new to real estate investing and still trying to learn as much as possible. This post is to seek advice on where to begin, I currently do not own a home or any property. I found someone in my area with a decent amount of experience in real estate who advised me to first purchase a single family home of my own (starter home) then proceed to use that as my first rent house in a few years time. My original idea was to "house hack" and buy a duplex to live in one unit which he advised against. I guess my question is, how do you determine which starting plan is best for you or which type of purchase is best for you? (single family, duplex, etc...)