All Forum Posts by: Oscar Buendia

Awesome info thank you for the help and reply @Ryan Jackson. 

Hi everyone,

I am in the process of diving into my first investment home and using my VA loan for it by living in it. As for the Owner Occupancy clause, will it affect the loan if I PCS(move t another base/state) before 1 year or less? Would the bank see it as occupancy fraud? Thanks for the help

Hi @Tristian Cox I graduated in 2007.... We probably bumped into each other a couple of times haha. Are you a teacher at PHS? I still know a couple of teachers from the school. So are you looking into Plainfield for investing? What do you think of the market there? Looks like we're in the same boat, as I am trying to purchase my first property as well. 

Hi Rabiyyah, 

Welcome to bigger pockets! I'm new too and excited to learn from others as well. I grew up in Plainfield, NJ right around the corner from you. Wish you the best on your adventure!

Thank you all for the warm welcome. All great advice and even learned something new already... "Mortgage Notes". Gonna look that up and gather some questions to ask you folks. Thank you

Hello Everyone,

My name is Oscar Buendia and 26 years old. I have no real background in real estate other than the fact that I helped my family buy their first home when I was about 17, which is what initially sparked my interest. I was born in Colombia (South America), raised in Plainfield, NJ, and currently living in Minot, ND. After High School I enlisted in the USAF because I wanted to see the world and help take care of my family. I ended up doing AFROTC a couple of years later and became an Officer in the USAF. I have been assigned to Minot AFB ever since. Recently married and my wife is on board with the real estate ideas that I constantly write down and tell her about in the middle of the night lol.

My goals in real estate are to own my first investment property within a year of now, and to own 3-5 within 3 years (with good cashflow of at least 400 each). I've been reading a lot and the forms of real estate that interest me the most are wholesaling and buy and hold. I'm open to single family, multi units, etc... I like to crunch numbers and love the bigger pockets calculators. 

So how did I find biggerpockets? Honestly I just googled "real estate forums" because I wanted to talk to people and ask questions and there it was biggerpockets.com. So far the site looks great.

A little background of where I stand investing wise:

I want to get started ASAP but I may be PCSing (moving to another base) this coming summer and won't find out until January where I'm going or if I am even leaving. Thats is why I am trying to decide on the best action to take. Whether to wait and use my VA loan wherever I go next? or to start here (ND) by using investment loans at higher % APR? FHA? I wouldn't be able to move in because I have lease at my current apartment. In the meantime I am trying to educate myself with books, and I even decided to do the rich dad coaching (I'm open minded to learning and if the program doesn't teach much then I learn my lesson).

I look forward to posting and getting to know many of you!