All Forum Posts by: Samuel Hoston
Samuel Hoston has started 14 posts and replied 34 times.
Quote from @Hamp Lee III:
I recently retired from the Air Force after 30 years of service.
I currently have four properties with three of them being a VA loan. Using my VA loan was a great way to start my REI journey.
Saying this, I joined the Air Force in 1995 because I lost my basketball scholarship and had no way to pay for school. My friends and close family either wanted to do illegal activities or were already doing them. I joined to do something positive with my life.
Military service has its own nuances and should be considered before joining for this benefit. I recommend speaking to other current or prior service members first.
There are many programs that provide similar loan benefits, like NACA. NACA is a great way to buy a 1-4 family home as a first time home buyer.
I appreciate you coming on this forum to ask the question.
When I was in college, I didn’t have anywhere to ask for help, so I made the best decision I could. It worked out for me, but some are not as fortunate.
Since you asked this question, keep asking more questions to make a well-informed decision.
If you have any further questions, please message me.
I wish you all the best.
Mr. Lee did you have to live in each one when you used VA?
Post: Please let me know if I did the analysis wrong
- West Monroe, LA
- Posts 35
- Votes 4
The statement covers only 10 months so that is why I was trying to see what I did wrong
Post: Please let me know if I did the analysis wrong
- West Monroe, LA
- Posts 35
- Votes 4
Can someone look at my analysis and tell me if I calculated anything something wrong please. The P&L statement tells a different story then what i analyzed.
*This link comes directly from our calculators, based on information input by the member who posted.
Water, sewer, trash, cable, paid by landlord
8 - 2 bedroom / 2.5 bath units (2 buildings)
Rents 1 - $875, 2 - $500, 3 - $910, 4 -$910, 5 - $910, 6 - $910, 7 - $910, 8 - $750
Here is link to P&L statement
https://nelbor.paragonrels.com...
Post: [Calc Review] Help me analyze this deal
- West Monroe, LA
- Posts 35
- Votes 4
I need a little help analyzing this deal. I did it and I think I put in some numbers wrong.
*This link comes directly from our calculators, based on information input by the member who posted.
Water, sewer, trash, cable, paid by landlord
8 - 2 bedroom / 2.5 bath units (2 buildings)
Rents 1 - $875, 2 - $500, 3 - $910, 4 -$910, 5 - $910, 6 - $910, 7 - $910, 8 - $750
Here is link to P&L statement
https://nelbor.paragonrels.com...
Post: Personal or Business
- West Monroe, LA
- Posts 35
- Votes 4
What is the best way to purchase investment properties? Do you purchase them under a business name or do some of you use your personal name to purchase them? What is the best way?
Post: Buying first property without having to live in it
- West Monroe, LA
- Posts 35
- Votes 4
@Rene Owczarski thanks!
Post: Buying first property without having to live in it
- West Monroe, LA
- Posts 35
- Votes 4
@Wayne Brooks Thank you sir.
Post: Buying first property without having to live in it
- West Monroe, LA
- Posts 35
- Votes 4
@Marc Rice thank you very much.
Post: Buying first property without having to live in it
- West Monroe, LA
- Posts 35
- Votes 4
Hi everyone I am new to REI and I want to know besides using your own funds to fund your deal, are there other ways to fund them without having to live in the property for a period of time?
Post: Due Diligence Checklist
- West Monroe, LA
- Posts 35
- Votes 4
I sent you a message on face book about the checklist. I hope you are still willing to share it with me. Thanks!!