House Hacking with VA Loan

[Joshua Doan]

My father is eligible for a VA loan and is looking to get serious about real estate investing. We were curious what the process looks like to refinance a VA loan. Essentially, we are wanting to purchase a property with a VA loan, refinance it with a conventional loan, and purchase another property with the VA loan. How long does he need to live in the property before he can refinance? Other than picking up VMI, are there any other fees we need to be aware of? Is this financing strategy possible? What would be the pitfalls of trying this strategy? Thanks in advance!