Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Foreclosures
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 5 years ago on . Most recent reply

User Stats

38
Posts
14
Votes
Mark Belenky
  • Investor
  • Kearny, NJ
14
Votes |
38
Posts

VA Loans and 1 Year Primary Residence

Mark Belenky
  • Investor
  • Kearny, NJ
Posted

I'm trying to figure out if I could legally use a VA Loan to purchase a multifamily home that has all of their units occupied and keep the units occupied during the 1 year primary residence requirement. Some of these properties have perfectly livable basements with a fully functioning bathroom and although I know I wouldn't be able to rent these out to anyone, would I be able to occupy that living space and still hold good standing by meeting the VA 1 Year Primary Residence requirement for this loan agreement?

  • Mark Belenky
  • Most Popular Reply

    User Stats

    4,335
    Posts
    4,243
    Votes
    Greg H.
    • Broker/Flipper
    • Austin, TX
    4,243
    Votes |
    4,335
    Posts
    Greg H.
    • Broker/Flipper
    • Austin, TX
    ModeratorReplied

    @Mark Belenky

    5 units would not be eligible for VA . In my opinion, the only way you slide by is you intent to occupy one of the existing units within 60 days

  • Greg H.
  • Loading replies...