Ask Marco - 3-Pack of Listener Questions | PREI 323

Passive Real Estate Investing

Real Estate Investing with Marco Santarelli, Investor and Entrepreneur.

Education, Business, Investing, Entrepreneurship, How To, Business:investing

4.6 • 968 Ratings

🗓️ 27 January 2021

⏱️ 12 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

We receive many great questions from our listeners and today we'll answer three of them. Join us as we talk about questions on the minds of our audience. They may be the same ones you're asking too! Click Here for the Show Notes Get a New Business Formation for as Little As $0 Download your FREE copy of The Ultimate Guide to Passive Real Estate Investing. IF YOU LIKE THIS PODCAST we would love it if you would go to iTunes and Subscribe, Rate & Review our podcast. Thank you!

Transcript

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0:00.0	Welcome to passive real estate investing, the show where busy people like you learn how to build substantial passive income while creating wealth for the long term.
0:10.0	And now here's your host, Marco Santorelli.
0:13.2	Hello, my friends and welcome to another episode of Ask Marco
0:15.9	on the passive real estate investing show.
0:18.1	So today I wanted to give you three listener questions,
0:20.4	so let's just call it an Ask Marko three pack.
0:23.0	So today's first question comes from Lucas and he says,
0:25.0	hello, Marco, let me start off by saying thank you for your podcast.
0:28.0	It's been a great learning tool over the past two years.
0:31.0	My question is in regards to VA home loans, which is
0:35.6	veteran administration, and the standard 10 Fannie or Freddie Mac loans. So if
0:41.8	someone used a VA loan to purchase their primary residence, does that free up a 10th
0:46.4	conventional loan that can be used as an investment property, essentially giving me 11 loans before having to start applying for commercial loans.
0:55.4	One, VA residence and 10 conventional for investment properties.
0:59.0	Thank you, Lucas, good question.
1:01.7	I think this is probably one of those questions where some people
1:04.8	are not sure or misunderstand it. So the way Fannie and Freddie Mac look at your credit is
1:11.0	how many home mortgages or loans, mortgage loans do you have.
1:15.0	It doesn't matter where it comes from, it still counts as a mortgage loan.
1:19.0	So unfortunately, it counts as one of your 10. So if you have a VA loan and it's counts as one of your 10.
1:22.8	So if you have a VA loan and it's actually on your credit report,
1:27.0	it's going to count as one of those 10.
	...

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