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Updated over 1 year ago,
New build 4-plex w/ VA loan
Greetings BP fam,
I'm looking for insight into the project I'm trying to build. How would y'all suggest a new investor approach using a VA-loan to make a 4-plex in or around South West Denver? I would like to finance the cost of the land and the construction into the same mortgage. I would go in with another Veteran on the property and together and I have one person willing to rent long-term. We planned on using the last unit to host Travel nurses or an Air Crew crash pad... something along those lines. We'd like to use the potential rental income to qualify. We would ideally like to keep the project under $1,000,000 dollars and between us and our renter, we'd like our monthly payments to be under $2000 each. $1500 a month would be ideal. Thanks for taking the time to read and doubly so for those who reply.