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All Forum Posts by: Jim Cummings

Jim Cummings has started 88 posts and replied 1161 times.

Post: College Station TX - Luxury Town Home - Buy and Hold opportunity

Jim CummingsPosted
  • Residential Real Estate Broker
  • College Station, TX
  • Posts 1,193
  • Votes 968

Dan. I'm certainly NOT the Expert on VA Financing, but as a REALTOR for 25+ Years, don't think you'll be able to get ZERO Down VA INVESTOR Financing. You can get VA ZERO down, but most Lenders are going to require it be Owner Occupied - for at least a year. On the properties I'm pursuing, Lender is telling me 25% Down Payment. And IF you're unable to do ZERO down - it doesn't make sense to use VA. The other thought about Townhouse Complexes is the sometime high Monthly HOA Fees, eating into your return. My advice would be consider Duplex or SFR.