First Time Home Buyer - Looking for some advice

[Nicholas Pritzl]

Hello BiggerPockets Community, 

I recently got home from a deployment and am looking to invest in a property either single family and multifamily in the Milwaukee, WI area and have already gone through the pre-approval process for a VA loan. I'm running into a decision road block for either a multi family to house hack and update one unit at a time or a single family that needs upgrades.

I am looking for some advice on if a VA loan is the right avenue to purchase or if there is a different alternative via FHA, conventional, 203k, etc. I have a pretty decent sum of money saved and ready to invest I'm just more or less on where to start.

Let me know what you think the best option would be. Thanks for your time

Nick 

[Melanie Eden]

A VA loan on a 4 plex will give you great rates for the next 30 years. You will never be able to outperform that again when calculating cash flow. You have to be willing to live in the property and the pro's and con's that come with multi-family living. Focus on a higher end area since the rate and down payment will be so low. Long term the tenant class will be better. great strategy to get started.