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Updated almost 9 years ago,

User Stats

83
Posts
39
Votes
Timothy Casallas
  • Real Estate Agent
  • Queens, NY
39
Votes |
83
Posts

Question about buying with the VA Loan

Timothy Casallas
  • Real Estate Agent
  • Queens, NY
Posted

Hey everyone!

I am brand new to REI and I'm looking to buy my first property using my VA loan. I'll be living in it until I get stationed elsewhere and then I will turn it into a rental property.

The problem I'm having is in finding deals where I actually have a cashflow when its set up to rent. Id pop in all the numbers into the rental calculator and since I am putting 0 down, it's pretty difficult to actually find a cashflow deal.

So my question is:

Has anyone that has used the VA loan or bought a house with absolutely no money down, gone about it in a different way? Is there a different strategy for no money down purchases or are is it still possible to find a home that'll bring in at least $100 cashflow? I am in the Jacksonville, NC area.

I hope I expressed my concern and question clearly. Thank you all!

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