SFH vs. Multifamily (VA LOAN)

[Christian De La Fuente]

Hello everybody!

I’m getting started on my real estate journey at the ripe age of 22 and need your help!

Knowing that I do have time on my side, I am struggling to figure out where to start. I have the incredible opportunity of being able to use a VA loan to purchase a property for 0% down. That being said, I have been pretty set on house hacking a multifamily home. I've noticed that any multifamily home in my price range is in every part of town that is either out right dangerous or aren't allowed through VA lending because of their condition.

Now, knowing that I am looking at doing this until I’m 6 feet under, should I just purchase a primary residence with the intent of turning it into an invest property later down the road or should I wait and keep renting until an opportunity eventually presents itself in the multifamily/house hack area?

Thanks for your time!

[Naji H. Kelley]

@Christian De La Fuente I recently used the VA home loan to buy a multifamily property as an owner occupied property.

Checkout how much “bonus entitlement” funds you have in your county. 👇🏾

https://www.veteransunited.com/education/tools/va-loan-limit-calculator/

I plan on putting a tenant in my unit after 1.5 yr or so to leverage my personal + property income to buy a second “owner-occupied” property all in less than two years.

💡 secure a roof over your head first which will pay for itself long term but enables you to leverage it as an asset to fund your next property acquisition.