All Forum Posts by: Account Closed

I am a victim of the real estate guru classes, but I think I may have learned some tricks from them. One of them was the crazy opening multiple credit cards with $10K that is available. I was wondering if I could do this with Unsecured Lines of Credit with the banks? Any feedback about this??? I was also wondering if I wanted to buy a vehicle, should that be done first or open up the lines of credit first???

If your gonna use this as a rental, might not be too bad. I would check rental comps nearby and compare towards how much you will be paying for mortgage.

3 months to make 4K? Maybe open up an unsecured line of credit with a bank or take it out of a credit card. This depends on the individuals credit.

I should be there in October. Maybe earlier. 

I'm interested but not in San antonio yet

Welcome to biggerpockets.com. Here is a great source for resources and networking that could benefit you. I am looking into properties in San Antonio, TX right now because that market seems promising. Good luck on your endeavors.

I know that I should speak to a VA loan specialist but I just wanted to ask this on the forums.

I have a VA loan for a primary residence and I am wanting to move into another property. The primary residence is already being rented out after living in there for almost 3 years. I am looking to acquire another property but VA is requiring me to purchase a home above 144K. I don't want to do that. I want to buy a property under that cost. I want to purchase a nice condo nearby the primary residence with a conventional loan. Would anyone think that I could refinance that condo under the VA loan if the cost of the condo was about 80K? I just want to see some input from other investors that know how to be savvy with a VA loan.

I do think that Ft. Sam Houston will not be going anywhere anytime soon. Lackland AFB is a where many basic trainees start out. I guess it depends on where this duplex is. 

If the duplex is near Ft. Sam Houston, there is  a company nearby named Rackspace, I think they are known as a tech company. But almost everything in San Antonio is driving distance...

Just got the audiobook. Very educational! It sounds hard to believe but makes me want to think twice about how I approach real estate.  Some catches that I noticed were:

1) Get your real estate license so that you could protect yourself even just to do a wholesale deal.

2) Hard money lenders, wholesalers, professionals in law... anyone can screw you from a deal.

3) You almost always need a mentor.

This makes me wonder, can someone really start from the bottom knowing just a scratch about real estate investing. I would still take some risks on my own when I must. The question I ask to all the experienced BP members out there would be: Is it possible to invest in real estate with so limited knowledge?

I personally think that in San Antonio, TX, Ft. Sam Houston(FSH) is not going anywhere. FSH is a major training facility for the Big 3 branches of the military and contains a major medical facility that specializes in research. That would mean that anywhere on I35 might be a good bet to invest in. Freeman coliseum is almost across the street from FSH, Spurs home field.