Using VA Loan to save down payment for investment properties.

[Kevin Rodriguez]

Hello everyone, I am hoping I could get some advice on trying to make the right decision here. I currently have a VA loan already in use for a property purchased in 2017 my father is currently paying off the mortgage with me making no money off this home. I am currently searching for a new home in the San Diego area while using a second VA loan. Currently I am pre-approved for a loan of 585k with a VA entitlement of 400k so anything above 400k i would need to put down 25%. With the housing market so high right now i am leaning towards purchasing a townhome for around 420k so I can save the 50k down payment and use it for out of state investments in places like Arizona Phoenix area. I would love to listen to all of your opinions on this. Thank you in advance!