All Forum Posts by: Account Closed

Wholesalers should just get their real estates license, I don't know why they wont since they are working like one and the annual cost is low. Sellers profit more having thier property posted online on the MLS by an agent then having offline by a wholesaler trying to find buyers. I'm just using my common sense here and wondering.

Darren Landerway yes you can purchase a multi family but again your trying to fix it up while living there which won't work because the VA Loan has specific guidelines on their inspection and if they see even a lose outlet, they will tell you to get it fix or fail you. The VA inspection is in place to prevent from any owner using it as a investment now or years down the line. Has a veteran myself the only advantage I see this working in terms of investment is to purchase a fixer upper at a great deal with any loan other than a VA. After renovation you should have great equity and use the VA to refinance. They have no money down, no PMI, low closing cost and one of the best interest rate plus they also have a cash out refinance. After doing all that then rent it out for cash flow, this is my plan that I will do.

You can't not use your VA loan for any investing purpose, they have guidelines to ensure it won't be use that way. The VA inspection is tough and will only be approve if the house is in almost perfect condition. The VA loan is great to refinance your primary residence in the future but nothing else at that.

Aqil Dharamsey you mean you won't get that anywhere in the NYC and its 5 boroughs lol

Estimate, $5k-$10k

Pat McCandless you can not use the VA loan. Only veterans like myself who serve our country can use it, there's no free pass or transfer option. The VA loan does not work on any investment means. The VA inspections is very detail and has to be livable not ands ifs or buts.

Mike Watkins wholesaler in this market area are not exactly looking for your best interest, maybe your market is different in such aspect.

Adrien S. Thank you that was the answer I was looking for, the stats just to get an idea. NYC is a flipping market but New Jersey is more buy and hold in urban areas which is where I'm trying to focus on.

KinYat Lam Stephen Anderson let's take the buyer out of the equation, let's say your a wholesaler (or maybe you are already) and you wholesale bunch of properties for the year, which percentage was higher on buyers who wanted it for flips or renting it out? For example, if I had wholesale 50 properties and 20 buyers said they was flipping it then that means 20 were flips. I'm sorry if the question wasn't very clear, I just want to know the wholesalers stats you could say. If I was a wholesaler I would be curious and ask the buyer "so are you going to flip it or rent it out?" This has nothing to do what I want and etc.

Stephen Anderson KinYat Lam Jefferson Gan when a wholesaler sells the deal to an investor, do you feel that most deals where good for flips or for buy and hold aka brrrr?