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Updated almost 7 years ago on . Most recent reply

Vaundel Gassett's profile image
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Vaundel Gassett
  • Investor
  • from Anchorage, Alaska
  • Member since Jun 1, 2015
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Vaundel Gassett's profile image
Vaundel Gassett's profile image
Vaundel Gassett
  • Investor
  • from Anchorage, Alaska
  • Member since Jun 1, 2015
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Vaundel Gassett
  • Investor
  • Anchorage, AK
1
Votes |
9
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Buying & Selling Real Estate

VA loan for multiunit

Vaundel Gassett
  • Investor
  • Anchorage, AK
Posted

Hey everyone, i am aware of how VA loans works but im not sure how it would work on a 4plex. I intend to owner occupy one of the units but it is currently fully leased. How does that work if it is fully rented out? Does this play a factor?

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Darrel Maxam's profile image
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Darrel Maxam
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  • from Atlanta, Georgia
  • Member since Jan 2, 2016
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Darrel Maxam
  • Investor
  • from Atlanta, Georgia
  • Member since Jan 2, 2016
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Darrel Maxam
  • Investor
  • Atlanta, GA
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Darrel Maxam
  • Investor
  • Atlanta, GA
Replied

Vaundel Gassett you would need to put one of the tenants out. The lender wants to make sure you live there. But after a year you can rent it out completely and move onto the next venture

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