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Updated about 9 years ago on . Most recent reply

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26
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6
Votes
Roberto Escapita Jr
  • El Paso, TX
6
Votes |
26
Posts

VA home loan a good start?

Roberto Escapita Jr
  • El Paso, TX
Posted
Hello everyone, I'm brand new, just starting out REI. I've been studying the basics and have been thinking on how to make my first move. I've got my VA home loan that I haven't used yet. Is this a good strategy? Any thing helps, thank you for your time. VR, Robert.

Most Popular Reply

User Stats

45
Posts
23
Votes
Asa Gunderman
  • Rental Property Investor
  • Knoxville, TN
23
Votes |
45
Posts
Asa Gunderman
  • Rental Property Investor
  • Knoxville, TN
Replied

VA loans are great. Like FHA, you can use it to purchase up to a 4 unit building as long as you live in one of the units. Our current home was 100% financed through VA and I didn't feel like there was much extra paperwork. Also, I was told you are only limited to one va loan at a time, not just one in your lifetime. Something to keep in mind if you wanted to refinance a couple years down the line, you should be eligible for another va loan.

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