In this episode, Jonathan Farber interviews Shelby Osborne on her path from househacking on her VA loan to having more than 55 doors and closing nearly 350 deals. Shelby is a real estate whiz based in Fayetteville, North Carolina. In this episode, we dive into topics like: first real estate loans, getting rid of vacancy, should you self-license, and more!
Taking advantage of the VA loan, or other available lending - 9:45 - 11:00
Generally, all current or former service members qualify, with 0% down and no PMI required
For non-service members, the FHA loan offers 3.5% down for first time buyers
The big banks also often offer 5% or even 0% down loans for private residence lending
As long as you live in the residence, you usually qualify, and you can househack the rest
Keeping rentals full - 13:15 - 14:45
A rental in good condition will get filled as fast as you can process it, especially in growing markets
Put yourself in a renter’s shoes - what would you want to live near, what perks would you pay for
Also think about nearby services or attractors like schools, installations, and hospitals
Deciding whether to self-license - 15:15 - 17:30
One of the biggest benefits of being an agent is you directly control your own income stream
Especially for investing, being a broker builds a deeper knowledge about real estate
The obvious bonus is that you can also benefit from both the signing fees and the investment itself
How to bring value to Shelby Osborne:
Check out Five Pillars Realty
biggerpockets.com/users/ShelbyO
instagram.com/realestatewithshelbyosborne
facebook.com/RealEstatewithShelbyOsborne
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