Magic Formula w/ VA loan

[Brad Spencer]

Hello, BP. I first wanted to say thank to so many of you for the insight over the years that I've been listening and reading your input. This is my long overdue first post and it's based on a strategy that is a mixed bag from many of the strategies I've read on BP. As a veteran, I have access to the VA insured home loan for up to a 4-unit. My question is has anyone had any success with the BRRR method while using the VA loan. I'm aware of the higher standards an appraiser gives to sign off on the loan. But I am a curious if anyone has: 1) bought a property under market value 2) forced appreciation through some cosmetic improvements and other methods 3) refinanced out of the va loan into a conventional loan (using the equity from the refinance as a down payment) 4) repeated the process using the VA loan It seems to me that this method may be a way for veterans to get the ball rolling. Thoughts?