Veteran (VA) Renovation Loan
VA Renovation Home Loan Program
Very few Veterans are aware that this option is out there. It works just like and has all the benefits of the normal VA loan, but also allows for repairs to the home to be financed into the loan and complete after closing. Now the VA will not allow for structural items or luxury improvements such as a swimming pool, but anything that helps protect or improve the livability of a property are allowed. Here are some of the highlights of the program:
- No Money Down
- Veteran must have a certificate of eligibility (we can help obtain this)
- Up to $35,000 in repairs
- Work is done after closing
- No monthly mortgage insurance / PMI
- Backed by the U.S. Department of Veteran Affairs
- 60 days to complete the work after closing
This is a great program vets and allows for things like finishing a basement, remodeling a kitchen or bathroom, and plumbing or electric upgrades. There are so many home possibilities out there with this loan program.
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Buying and Financing Rental Property 2022 Event
July 2022 Lunch & Learn Event and Webinar for Realtors and Investors
Working with home buyers searching for a new primary residence is a totally different game compared to working with investors and rental property. Sure, there are similarities, but what want-to-be home owners care about is different than what an investor cares about. Frankly, for an investor, it’s all about the money and it should be. When someone purchases a rental property they are essentially running a business. If we can help them run a successful business and turn a profit they will likely come back and buy more properties.
There are lots of want-to-be investors out there and the hardest part is getting started. We are going to help unravel the maze. We will also look at long term planning. Often just knowing what needs to happen to acquire the next property and the next one after that is one of the keys to success. Owning rental property can be a great way to build wealth and we are here to help.
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