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Updated almost 5 years ago on . Most recent reply

User Stats

6
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1
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Rolando Santiago Jr
1
Votes |
6
Posts

Credit Score & Multiple Purchases

Posted

Greetings everyone, 

I hope this post finds you well. I am working on doing my first deal and was wondering how having multiple homes will affect my credit score. I am currently transitioning out of the Army (Active Duty) and want to purchase a Duplex in the Tarpon Springs Florida area to house hack. However, I want to get rolling on my first deal right away. I'm concerned that if I use an investment property loan to acquire my first BRRR that it may hinder my approval for a VA home loan in the future. My spouse is concerned that if we become real estate investors, it will prevent us from getting approved on a VA home loan when I get out of the Army next year. Is my concern warranted? Am I perhaps thinking about this whole situation too narrowly? Any input or advice would be greatly appreciated.

Very respectfully, 

Rolando Santiago Jr. 

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