What are some Investment strategies for VA home loans?

[Thomas Chapman]

Hello.

I was just pre-approved for a $250,000 VA home loan. I wanted to share thoughts on the best way to maximize profits with this loan.

There are a few caveats/restrictions with the VA home loan.

#1:  You must live in the property for 1 year.  
#2:  You must purchase a property that is move-in ready (no leaky roof, safe to live in, etc.)

So far I have come up with the these possible uses for a VA home loan:

#1: Buy in a up and coming city and wait for home prices to increase (not exactly a fast return)

#2: buy a small house in Texas (Or places in the country where value is calculated by square footage)and add square footage to the house to increase the value, then refinance after renovations are complete

#3:  use $100,000 of the $250,000 allotted and purchase another property 1 year later.

#4:  find a really really good deal (undervalued house), live in it for 1 year and increase the value.

I know there are many great opportunities out there and would like to make the best decision possible.

Regards,

Thomas