Current VA Mortgage with $250K in equity.

[Ryan Ribinskas]

6 years ago my wife and I used the VA loan to purchase my grandfathers home in Euless, TX. It's a 2355 SqFt 4/2 ranch that we tore down to the studs, opened up and rebuilt. With homes now listing in the area for >= $200 SqFt we've been anxious to sell, go find another fixer upper and do it again. I'll be able to use the VA loan again to buy another primary residence with zero down. The plan then, would be to use some of that equity to remodel the next primary residence but I'd also like to acquire a rental property as well (wouldn't we all). So… I need to hear how you creative minds would approach this situation to maximize my equity. Look forward to your replies!