All Forum Posts by: Joshua Starbuck

Hey biggerpockets! I need some advice and help with this process. I am interested in a property going up for foreclosure and just want to mentally prepare myself for it. What is the process on bidding or putting in an offer? How long does one usually take? Just a few questions for now but will have more later. Any advice is greatly appreciated!

@Bryan O., wow! Thanks for the link! Helped out so much! Although I will still be talking to a lawyer in my state just to make sure and will be bringing this exemption up.

@Steve Rozenberg, this is what I thought but was just trying to clarify. Thank you for your response.

@Scott Trench, yea I wouldn't discriminate if they qualified but I did find that one reason different is why I asked the question. Makes a lot of sense within YOUR unit to do what you please or who you rent out to. I did enjoy the read, since I am just starting out, and wanted some insight on LLC. Thanks for that!

Hello BP!

I just got done reading an article on the BP website called "5 reasons I do NOT invest in real estate using an LLC". I am just trying to gain more information on one reasons made in the article. In the article it states that being an owner occupant of a duplex, you are able to choose whoever you would like to rent or not rent to because federal law governing tenant selection does not apply to an owner occupant. Would/Could you be able to do this even with a 4 unit building since the same owner occupant rules apply? I feel like I might have answered my own question but it really doesn't make sense that you can do this. Can someone clarify for me? Thanks!

Yea, next step was going to contact my JAG office. Thank you for your input and help.

Hello BP! Was wondering if anyone could help me out with this issue if it were to occur. I am in the military and looking for a home/rental property. I want to "house hack" a duplex, triplex or quad with a VA or FHA loan which will require me to stay in the property for 1 year. My question is, what if I move in and then 6 months down the road, and then I get stationed at a different base? Will that require me to put down a 20% down payment if/when I move out since it will then be considered a investment property or will I have to put the 20% down right at the beginning and not be able to use my FHA or VA loan?

Thank you all for the welcome!

@Caleb Mclamb , Ive been starting to get use to the forum and been reading as much as I can and listening to the podcasts. They have so much good information!

@Paul Timmins , I think that will be my next investment since I already have a house and I have been in it for 1year now, so I will be looking into doing that house hacking, Thanks!

I would also like to get into some creative REI. This is very interesting to me as well. Thanks!

1. Hello Everyone!
   1. My name is Josh Starbuck and I am very new to REI. I currently live in Valdosta, GA but will be moving back to Pensacola, FL once my contract is up. I am in the air force and work behind a desk (which I hate!).
   2. I love getting out to talk and meet new people. I have recently been very interested in RE because it gives you the opportunity to live a life that you want to live. I don't want to be in the rat race, even of the military kind haha.
2. I would like to get into buy and hold investing whether it be single family homes or multi family homes. I would also like to get into fix and flips on the side to help fund some of my buy and hold deals.

Sorry if that was way to long but I love what Bigger Pockets is and how nice everyone is on here. Can't wait to hear from you!