Question about buying with the VA Loan

[Timothy Casallas]

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!

[Timothy Casallas]

@Rivers Plowden

@Trey McGovern

@Bryan O.

Thanks everyone for the advice! I just made an offer today on a foreclosure that will hopefully cashflow about $100, but maybe not even that much. But, I did have to change my mindset a little in the fact that I did put 0 down and its a different ballgame from putting 20% down and getting a cashflow. But I feel like I made a good offer on a house and when it eventually gets rented out, It would be nice to just watch the equity grow! I def accounted for all the expenses like capex, vacancy and management as well. I like to think all worst case scenarios when I crunch the numbers so hopefully when the deal goes through, it'll actually be even better.