VA Loan Explained to First Time Home Buyer

[Liz Collier]

My Fiancé and I plan to buy our first home in 2020. We plan to eventually work our way into house flipping. I’m not military, but he is.

Can someone explain the VA Loan and some of the pros & cons of using it in relation to real estate investing? Where can I go to read about the details of the VA Loan?

[Dominic Franco]

@Liz Collier 

@Shelby (Osborne) Johnson just covered the topic of VA home loans at our local meet up group (Pints & Properties) this last Saturday at dirtbag ales! However, they record all their speakers so you can go to their facebook page https://www.facebook.com/groups/pintsandproperties/ to check it out. If you are looking to invest in the local area I would highly recommend coming out to their monthly Pints & Properties meetups. Reading and gaining knowledge is definitely essential but it wasn't until my wife @Jessica Franco and I started going to local meetups and networking that we started taking action. In fact, it was less than 90 days from our first meet up to closing on our first investment property! The realty group (Five Pillars Realty Group) that runs the meet up is full of agents who are active duty, former military, or military spouses. And best of all, they are all local investors so they actually know the market first hand! They also have a list of preferred vendors (property managers, contractors, insurance agents, etc.) who are all familiar with working with investors and make the process that much easier. 

Feel free to check out my profile for my success story using my VA loan for a house hack! In my personal opinion, I consider a multi-family house hack to be the most beneficial use of the VA home loan. If you want to know any more details about how my wife @Jessica Franco and I got started feel free to reach out to either of us.