Buying my first house. I am going to be using a VA loan. What are some tips for a first home buyer. Going to be buying in Miami, FL.
Thanks
>>1418070
Don't take your home inspector's word on everything. Check things yourself, the guy I hired missed half the shit wrong with my place.
Check and make sure that you get good cellphone coverage in the home/neighborhood or prepare yourself for a lifetime of dropped calls.
Don't base your purchase on " how much you can get approved for"
Most people can get approved for more than they can responsibly afford.
Figure out how much a month makes sense for you, and work backward from their. Don't forget taxes and insurance.
Take your yearly income. Multiply it by two.
Do not take a mortgage out for more than that amount. Do not make a down payment under 20%. Also, you need an emergency fund equal to 12 months of expenses.
>>1418070
Go to the Dade Real Estate Investors Association meeting or give them a call and ask for their appraiser, and closing attorneys.
do not mention you're buying for yourself.
But if you're doing a first time go of it. Try for a 4plex, they fit under VA loans.
Live in one unit. 3 family's pay off your mortgage.