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Updated over 4 years ago,
House Hack for 6 Months
Need advice on the following scenario:
Currently executing cash out refinance on duplex & expect to get around $125k.
Wife is deploying & we can break the lease on the home we're renting.
I am considering purchasing a 4 plex and house hacking & rehabing the unit we live in until my wife gets back.
I'd like to use our VA loan to purchase the property 0 down.
I'm new to real estate investing, so I'm practically building the plane while we fly it.
Good idea? Bad idea? Considerations? Risks? Ways to mitigate risks?
Market is Colorado Springs.