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Join your hosts, David Pere and Alex Felice, with guest Jon Lallande as they talk everything about VA loans, what makes it cool and not cool, and the one-time restoration entitlement that VA loan users need to hear about before they start building their portfolios.
Throughout the discussion, the guys build up and poke holes in everything they can discuss regarding VA loans and their pros and cons. For Jon, a user benefits from a VA loan’s higher chance of closing than other options. Meanwhile, Alex thinks it is disproportionately advertised to entice people into not-so-savvy investments.
As a piece of advice to first-time investors, Jon believes in the importance of saving, understanding the available options on the table, and understanding how the market doesn’t always just appreciate forever. In this episode, tune in to the different opinions that weigh out about VA loans as the guys tackle the topic in technicalities.
About Jon Lallande:
Jon Lallande’s mission is to provide clients and real estate professionals with the ultimate home buying experience. Jon’s goal is to take the stress off of the clients and the real estate agent by performing with consistent communication and swift timelines.
Jon specializes in closing loans in as little as 15-21 days and offers a wide variety of loan programs, including; Jumbo, Conventional, FHA, VA, and refinance loans.
As a prior Force Reconnaissance Marine and Scout Sniper, Jon loves working with military veterans and is a subject matter expert when it comes to VA loans. Whether it’s a first-time home purchase or a multifamily “house-hack,” Jon often finds himself helping to educate veterans on real estate and real estate finance.
Outline of the episode:
- [06:26] VA Loans: A great loan for veterans when they’re on active duty.
- [08:03] An overview of a first-timer’s VA loan.
- [14:02] On FHA loans over VA loans.
- [19:37] The advantages of going for a VA loan.
- [26:30] This thing we call Manual Underwriting.
- [34:39] The rules of real estate and buying houses that people tend to forget.
- [38:21] Are retail homes contradictory to savvy investing? – Jon disagrees.
- [46:17] What are the VA loan reserve requirements?
- [54:00] On VA loans, multifamily investing, and the biggest thing to focus on.
- [01:02:04] What is the one-time restoration of entitlement?
- [01:05:38] Understand why you should save.
- [01:06:39] Your biggest resource is somebody.
Email: [email protected]
Set for Life – Dominate Life, Money, and the American Dream, Book by Scott Trench:
Follow Our Journey:
Grab your book copy of The No B.S. Guide to Military Life – How to Build Wealth, Get Promoted, and Achieve Greatness by David Pere:
Get a personal introduction to one of our vetted real estate agents or VA lenders: https://www.frommilitarytomillionaire.com/va-realtor/
Advice to an 18-20-year old:
Invest in your TSP and don’t live paycheck to paycheck.
Recommended resource(s): The No B.S. Guide to Military Life
Real Estate Investing Course: https://www.frommilitarytomillionaire.com/teachable-rei
Recommended books and tools: https://www.frommilitarytomillionaire.com/kit/
Become an investor: https://www.frommilitarytomillionaire.com/investor/
My name is David Pere, I am an active duty Marine, and have realized that service members and the working class use the phrase “I don’t get paid enough” entirely too often. The reality is that most often our financial situation is self-inflicted. After having success with real estate investing, I started From Military to Millionaire to teach personal finance and real estate investing to service members and the working class. As a result, I have helped many of my readers increase their savings gap, and increase their chances of achieving financial freedom! – Click here to SUBSCRIBE: https://bit.ly/2Q3EvfE to the channel for more awesome videos!
THIS SITE IS INDEPENDENTLY OWNED AND OPERATED. ALL OPINIONS EXPRESSED HEREIN ARE MY OWN. THE VIEWS EXPRESSED ON THIS SITE ARE THOSE OF THE AUTHOR OR THE AUTHOR’S INVITED GUEST POSTERS, AND MAY NOT REFLECT THE VIEWS OF THE US GOVERNMENT, THE DEPARTMENT OF DEFENSE, OR THE UNITED STATES MARINE CORPS.