Episode #329
Buying a rental property for just eighty bucks? There’s no way that’s possible. How can you close on a rental for the same amount of money it takes to fill up a tank of gas? Surprisingly, one type of mortgage lets you come to the closing table with no money down, no PMI (private mortgage insurance), and, if you play your cards right, (almost) no closing costs. Clint Campbell even used it on his recent house hack.
Thanks to serving in the military, Clint had his college paid for by Uncle Sam. When the opportunity to be deployed came up, Clint took it, knowing he’d make more while spending less. He was able to save up a nice chunk of change and used it to buy a rushed first rental property. But then, Clint realized he could pay almost NOTHING for a home he would live in, so he looked around for just that, and the eightydollar house hack came to be!
In today’s episode, you’ll learn all about the VA loan Clint used to pay just eighty dollars for his first house hack, the limitations to this loan that service members MUST know about, and how to turn your girlfriend into a handyman and tenant combo who still loves you.
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Join BiggerPockets for FREE
https://www.biggerpockets.com/signup?...
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Join the Real Estate Rookie Facebook Group:
/ realestaterookie
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Find an InvestorFriendly Agent in Your Area:
http://biggerpockets.com/agentmatch
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Find InvestorFriendly Lenders:
http://biggerpockets.com/findlenders
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Grab Ashley and Tony’s New Book on Partnerships:
https://store.biggerpockets.com/produ...
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VA Loans: How Eligibility & Funding Works in 2023:
https://www.biggerpockets.com/blog/va...
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How to Invest in Real Estate with No Money Down:
https://www.biggerpockets.com/blog/20...
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Tools to Build Credit:
AnnualCreditReport.com: https://www.annualcreditreport.com/in...
AUNT KARA: @aunt.kara or / aunt.kara
Credit Karma: https://www.creditkarma.com/
ThePointsGuy.com: https://thepointsguy.com/
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Connect with Clint:
TikTok: @clintcampbell40 or / clintcampbell40
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Connect with Ashley and Tony on BiggerPockets:
Ashley: https://www.biggerpockets.com/users/e...
Tony: https://www.biggerpockets.com/users/t...
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Connect with Ashley and Tony on Instagram:
Ashley: @wealthfromrentals or / wealthfromrentals
Tony: @tonyjrobinson or / tonyjrobinson
Show notes at: https://www.biggerpockets.com/blog/ro...
00:00 Intro
02:17 Serving Abroad and Saving Money
05:06 Building Credit from ZERO
16:50 A Rushed First Rental
27:37 Buying a House Hack for $80
39:28 Girlfriend, Tenant, Handywoman
41:25 VA Loan Limitations
43:30 Clint's Current Portfolio
47:37 Rookie Request Line
50:17 Rookie Rockstar
50:57 Connect with Clint!