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Updated over 2 years ago, 06/25/2022

User Stats

27
Posts
7
Votes
Joshua Briscoe
  • Rental Property Investor
  • Bangor, ME
7
Votes |
27
Posts

Advice on my next house hack

Joshua Briscoe
  • Rental Property Investor
  • Bangor, ME
Posted

I'm looking for some advice for how to go about getting my second house hack. I bought an owner occupied duplex last September 2021 with a 0% down VA loan. As I understand the regulations I could technically qualify for another VA loan ( I've only used about half the allowed amount) , but because the next property will be in the same general area I won't qualify for another VA loan without selling the property I currently occupy.

1)Am I understanding the regulations for VA loans correctly?

2) What are my other options for buying another multiplex? FHA? Conventional? How much can I expect to put down for each type of loan?

3) Would it be better to move out of my side to prove rent on my side of the duplex?

4) Is  it too early to start talking with lenders seeing as how it hasn't been a year yet?

Any help or advice is appreciated.

Josh

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