All Forum Posts by: Justin Hammerle

Ask the realtor if they invest; and if so what experience do they have?

not the most cost effective but you could involve an attorney, have them contact the property manager directly.

I second the above, consider taking all the necessary steps to buy a multi and house hack.  You'll gain experience with the acquisition process and managing tenants.

@Account Closed - you can check to see if there are any grants available in your area that you could take advantage of; best resource for that would likely be a mortgage broker.  RI has a fantastic grant which covers up to $17.5K of your DP and closing costs for first time homebuyers.  

@Mandy Waryasz - you can visit REO sites for large banks and see if they have anything available. Websites like foreclosure.com can summarize most of the REO activity in the state. It would also help to get connected with an agent who has some background with the investment landscape in the area if you haven't already, glad to chat more.

don't wait to buy real estate, buy real estate and wait : )

@Brandon Nguyen - you can use your VA loan for new construction but it is not common. First step would be trying to find a lender that will offer it which there are very few in my experience. Then it would be a matter of partnering with a builder registered with the VA to find a lot and submit the building specs for review by the lender to get approved.

I don't know how desperate or flexible the seller is but maybe they will consider an agreement contingent on the variance for 100% residential.

@Account Closed - I would consider a multi-family house hack using an FHA loan.

Call them.  Look into their entire online footprint; there are so many different types from national to local.  Some smaller guys may not have the team to put together a great website but that doesn't mean they aren't good lenders. I wouldn't throw them out just because they are marketing themselves, some do as anyone would to attract more business.