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Updated over 4 years ago,
Credit Score & Multiple Purchases
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.