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Updated over 8 years ago on . Most recent reply

User Stats

452
Posts
10
Votes
Michael Dunn
  • Olive Branch, MS
10
Votes |
452
Posts

VA Loan .... How to do the CORRECT calculations ??

Michael Dunn
  • Olive Branch, MS
Posted

I am trying to wrap my head around the VA Loan , and how it works, via all of the Ins and Outs of this particular loan

A question I have please is:

Can you Purchase 4 RENTALS with a VA Loan, as long as each Rental does NOT exceed $104,000 PER Property ? ........ $417,000 divided by 4 = $104,000 ?

I know that you have to occupy the Property for 1 year, since it's an Owner Occupied ..... But could you do it this way, in a 4 Year time span ?

And then at the End of 4 years , have yourself 4 Rental Properties ?

OR

Would you have to sell Each Property you purchased with a VA loan, before you could use it again , to purchase your next Primary ( Rental ) using the VA loan ?

I guess what I'm asking is .... Is there a way to use your VA Loan , in Purchasing 4 Primary ( Rentals ) in a 4 year time span ?

Thanks so much for any and all help 

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