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Updated about 8 years ago on . Most recent reply

User Stats

20
Posts
6
Votes
Roger Edington
  • Investor
  • Berrien Springs, MI
6
Votes |
20
Posts

Multiple Buildings - Do banks and the VA allow it?

Roger Edington
  • Investor
  • Berrien Springs, MI
Posted

I have just started so please excuse my ignorance. I am planning on getting started using a VA loan to purchase multi-families. I have found three different instances where more than one building is for sale as a package deal. One property is two identical duplexes next to each other sharing the same well. Another is four small cottages on the same parcel. The last one is a six unit plus a 2-unit near each other. I know I can only go up to 4-units using a VA loan. I am particularly interested in the two duplexes. I just think that either the bank or the VA probably won't allow for separate buildings, but I may be wrong. One last question, I see many properties with a separate lot for sale, with a separate tax ID, does this apply to them as well? Thanks for your advice!

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