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Updated about 1 year ago on . Most recent reply

User Stats

11
Posts
6
Votes
AJ Lee
  • New to Real Estate
6
Votes |
11
Posts

Our previous primary residence is a VA loan that we really don’t want to sell!!

AJ Lee
  • New to Real Estate
Posted

We recently moved out of our primary residence and want to keep it in our portfolio because the interest rate is so low. We only owe 70,000 on the house and it's worth 240,000. We would like to take the equity and invest in a short term for some tax benefits. The problem is we bought the house through a VA loan and can't transfer it to the business. Not having it in the business is keeping us from using the equity to build our portfolio. Does any one have any advice or should we just sell and reinvest?

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