Real Estate and Note Investing Through VA Foreclosures
IT’S BAAACK !!!!
After 8 years – the Trump administration VA Secretary has brought back the most powerful investment tool for building long term wealth in real estate and note investing that I know of… THE Veterans Administration VENDEE FINANCED FORECLOSURE PROGRAM.
Over the last decade I have become known as the Non Performing Junior Lien expert in the note investing world, but my first investment started in 1996 with the purchase of a V A Foreclosure. Where else can you make a small 5% investment (Option) as a down payment on a quality 3/2 Single Family Residence (SFR) in a strong location and have the fixed 30 year V A Vendee financing allow your high quality, long term tenant, (Buy and Hold) the ability to cover your mortgage and pay the house off for you.
THE ROUGH NUMBERS –
Real Estate Investment
$200k House Value
$10k Down Payment (5%)
$1,200 Monthly Mortgage Payment
(4.5% fixed 30 year Vendee loan)
$1,500 Monthly Rental Income
THE ROUGH NUMBERS –
“Owner Will Finance at 20% down, 8%interest”
$40k Borrower Down Payment (20%)
$2k Per Month Borrower income (net $500)
Frequently Asked Questions:
How does the VA Foreclosure process get started?
A U S Veteran purchases a home with the zero down V A benefit program and loses it later to foreclosure. The VA foreclosure division that guarantees the loan takes it back and sells (with amazing investor financing) to the highest bidder.
Do I have to be a Veteran to buy these foreclosures?
Where do I find them?
Contact the listed Broker for the property of interest
What are the terms of these investor loans?
5% down payment (plus closing costs), 30 year fully amortizing, assumable loans at 4-5% interest rates
How do I qualify?
A single, national lender took over the financing program in 2019 – They can prequalify you
How many VA foreclosure investor loans can I get?
Unlimited – let me say that again…. UNLIMITED
Is it really that easy?
No – nothing in life is – get over EASY and get on with it –
I will cover this opportunity with specific examples at my upcoming training event October 11 and 12, 2019 at the Tuscany hotel in Las Vegas Nevada – for more information and details please follow this link to Papersource Seminars