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Updated over 1 year ago,
Multi-family guidance with VA/FHA Loans
Hello everyone,
I am going through an unfortunate situation and in need to pivot my investing strategies. I am looking at this as an opportunity to get into a multi-family to house hack for a year or so and then rinse and repeat the process. The problem is, I do not have a lot of capitol to work with currently. I am planning to leverage my VA loan once I refinance my current primary so I have a zero down payment. After a year or two, maybe leverage an FHA loan to do it again. From there? Not sure how I would keep the momentum going.
I have spoken to a couple agents and lenders and to be honest, I feel like I am being pressured and they may or may not have my best interest at heart.
I guess I am looking for guidance on my overall goal. Is it feasible? What should I be aware of that I may not be thinking about? I would love to reset my life and get into real estate investing and to me, this seems like the only way given my circumstances. I am open to pretty much anywhere in the state of Florida: Tampa, Orlando, Jacksonville, Gainesville, Ocala etc.
Thank You in advance.