Updated over 4 years ago on .
Using my VA loan for another property.
Hi all in the BP community! I am hoping someone can point me in the right direction! I am still a rookie when it comes to real estate investing, but I did manage to buy my first rental property (2nd/vacation home) and currently under renovations and it's been a wonderful experience. I am a planner and I am thinking ahead for the next property, and I have the VA loan opinion at my disposal to acquire it. So in order to use my VA loan, the property needs to be my "primary" residence, however I already have a primary residence (my brothers and parents live with me), that I refinanced in the beginning of the year to a conventional loan, in order to free up my VA loan. If I want to use my VA loan to acquire another property, what are my options to do with my current primary residence? What strategies can I dabble with?
My goal is to use my VA loan to buy a multi family unit (not sure where yet) live in one, rent out the rest.
but still have my current primary and have my family live there.Any help would be truly appreciated