PODCAST EPISODE

How to Land Deals with the VA Loan in a Sellers Market with Donald Appleberry

The Military Millionaire Podcast

Jun 18 2021 • 1 hr 4 mins


Episode: 146

Donald Appleberry

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Todays sponsor is Rentometer: https://www.frommilitarytomillionaire.com/rentometer

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In today's episode, tune in to your host David Pere as he's joined with guest Donald Appleberry. With experience and stories, listen to Donald as he talks about the standards you need to look into when working with a real estate agent, his experience as a real estate investor with wholesale, and what he's got to say about VA Loans that people need to hear about.

In a deal, the hesitation towards VA Loans is primarily because of the requirements and limitations that come with it. Donald has come to find this the biggest and most common misunderstanding regarding VA Loans, aside from the notion that VA Loans are complex and not quick to close. In this exchange, Donald argues these connotations.

For Donald, getting hold of a real estate agent license isn't enough and doesn't apply anything when choosing agents to rely on in a deal. An agent needs to be active full-time and have skin in the game. David also adds, trusting an agent just because their licensed is almost comparable to trusting your 10-year old child with the keys to your Ferrari. Donald believes – just because someone is licensed – doesn't mean they're a professional.

About Donald Appleberry:

Donald enlisted as an 0321 Reconnaissance Man in 2014 and spent over 2 years in Bravo Company on the Free Fall Team as the team medic. After deploying, Donald moved into Force Reconnaissance Company and filled the Billet of a Team Leader for almost 18 months.

During this time, he was furthering his investing knowledge and understanding and has started his Real Estate licensing process, investing in single-family homes. Donald is currently looking into starting a non-profit company as well.

Donald is a part of the Discher real estate group in San Diego, CA. Specializing in VA home loans and listing service members' properties. They make sure to squeeze every benefit out of the VA loan and ensure the service member is set up for success and happiness in their new home.

He has helped multiple members in the military buy investment properties and walked them through how to manage them correctly, both in state and out of state. It's a proven system that outpaces any other investment opportunity that has the same amount of risk.

Outline of the episode:

  • [04:08] Wholesale: The Lowest Hanging Fruit.
  • [09:24] The business of Chinese investors.
  • [14:04] Conduct due diligence on your partner in a purchase.
  • [18:47] Rates aren't your end-all and be-all.
  • [25:58] On not overpromising and under-delivering.
  • [32:41] Not meeting the 1% Rule doesn't necessarily make property
  • [39:21] It's usually not about the VA Loan.
  • [43:34] The misconceptions about being a Real Estate Agent.
  • [51:43] The adjustments you make to better serve your buyers.
  • [58:22] On waiving appraisals in VA Loans.

Resources:

Instagram: https://www.instagram.com/donald_appleberry_realestate/

Email: donald@appleberryrealty.com

Number:              417-650-1409

Check out BiggerPockets's Podcasts, Books, and Articles:

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https://www.frommilitarytomillionaire.com/va-realtor/

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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:

https://www.amazon.com/B-S-Guide-Military-Life-greatness/dp/1736753010

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Advice to an 18-20-year old:

Bought property earlier, and learn how to manage my credit earlier!

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Recommended resource(s):

BiggerPockets

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Sponsor: Rentometer

https://www.frommilitarytomillionaire.com/rentometer

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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/

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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!

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