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If you do set up an LLC, be sure never to mingle your LLC money with your personal money. If you head to the mall and use money from your LLC to buy a new outfit, or if you use your personal money to pay for a new garbage disposal for your rental property, a person suing you could claim that your LLC is not a separate entity.
A VA loan is a mortgage loan that’s backed by the Department of Veterans Affairs (VA) for those who have served or are presently serving in the U.S. military. While the VA does not lend money for VA loans, it backs loans made by private lenders (banks, savings and loans, or mortgage companies) to veterans, active military personnel, and military spouses who qualify.
do real estate agents help find rental houses for free how do I find an agent to help with a rental in the west phoenix/Glendale/Peoria area?. I need to know where I can go where I can be helped with no so good credit.. Yes.Real estate agents helps to find rental houses for free.
Current or past members of the U.S. military can finance up to 100 percent of their home purchase with a VA loan that has no mortgage insurance or prepayment penalties.. These loans – backed by the U.S. Department of Veteran’s Affairs and made by local mortgage lenders throughout the country – have a critical first step: proving you’ve met the VA’s military service requirement.
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The government backs VA loans to help make housing affordable. VA mortgages do not exist for the purpose of making real estate moguls. You cannot use a VA loan to purchase property that you intend to rent. Your intention must be to personally live in the home. You have 60 days to occupy the house once you sign the mortgage.
A VA loan can be used to buy a detached house, condo, new-built home, manufactured home or duplex, triplex or four-unit property or to refinance an existing loan for those types of properties. The VA also lets you borrow an extra sum to make repairs or improvements to the home; or, make it more energy-efficient.