The VA loan has a whole lot of myths attached to it. Gary Pinkerton takes a look at the most common ones and examines whether they hold up or not.
Then, Gary talks to a veteran, and friend, Clayton about his experience with VA loans, as well as ways he’s used OPM (other people’s money) to buy his properties.
[2:04] Are you eligible for a VA loan?
[6:14] How much down payment money you’re responsible for after you go over the max amount available through VA loans
[9:18] Clayton’s time in the service, as well as what his experience has been in real estate
[14:40] Gary has had good luck on Home Advisor finding people to do repairs on homes he manages remotely
[19:38] Why Clayton got a “Wealth Maximization Account”
[23:28] Sometimes it helps to view the rising cost of real estate services (like appraisals) as insurance against taking unnecessary risk