All Forum Posts by: Edward Peugh

happy to help,

currently rented?

Taxes?

Home Owners Dues?

Any other expenses?

Ed 

hey @Godwin Nick Wafula curious what a "very high return" is.. What are the average returns you project?

@Colby Fuller I think as you note VA might be the best traditional financing. (Don't get me wrong it's a good program too... I have used my VA loans before too). Using your BAH to buy an asset is a great idea as long as you buy at the right price.

Another option is something through one of the credit unions. I have found that from time to time, each will offer loans that are "competitive" in structure to the VA loan with out actually using your VA option which would allow you to still have that for a lever to purchase another down the road.

I know Navy Federal Credit Union will allow all members of DOD to join, and that may be true about some of the other credit unions.

@Colby Fuller I am a licensed agent who bought my first properties as investments while on active duty.  We have continued to invest since that time using a variety of approaches.  Happy to talk through specifics with you.  Feel free to MSG/Text.

@Tim Trumble thanks for the clarity!!   

@Colby Fuller, Thanks for your service!

May I offer some thoughts.  

First I am sorry for your loss, and as a former Marine, I am sure it has been tough to manage these affairs at such a great distance.

Second, I think your plan is great. However I might suggest that you consider another option to your VA loan. That program can actually be a pretty expensive way to fund. There is another lending program called NACA (https://www.naca.com) that might be a great fit for you.

Let me know if I can help.

Ed

@Mike Bicho a typical analysis doesn't include debt service.  

One reason for that is that creating cashflow by leveraging debt is artificial.

Do the analysis without considering debt, then find how to finance the deal.

Happy to discuss specific numbers if you would like.

Ed

@Shanequa J.this issue is compounded by the fact that you are lisenced.  You have implicitly (or maybe even explicitly) agreed to a specific set of ethics.  Which includes not to circumvent the other agent and probably to pay a fee to your  brokerage for transactions.

@Chris Mason #agreed, this deal seems like a slam dunk to me from a lending perspective....  So I have been a little surprised by this response...

@Shanequa J. you might be ok to still purchase the deal, You probably will have to pay the full sale side commission, and then you will probably also have to pay your full side of the commission (Which you will get back back minus your firms fess).  Make an offer after pricing that all in, it might not be as big a problem as you are thinking.

@Brandon Battle makes a good point.  You could ask to sit down in person with the agent and the seller, and try and get a deal hammered out at the kitchen table.