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Updated almost 6 years ago,
Can I partner with my Dad for purchase of a 4-plex using VA?
I am currently in the midst of my 3rd large single family renovation project which is in a very busy vacation rental market. It will rent well and cash flow nicely once it's done this summer. However, I have all of my capital tied up as well as my debt/income so I cannot apply for another loan right now. My dad is a Veteran and I wonder if it makes sense to partner with him somehow and use his veteran status for a VA loan on another project I want to pursue. I looked up the guidelines and I think all the criteria can be met. Just not sure how I can help with the loan or be a partner financially, or does it just have to be all him for qualifying? I have all the real estate experience, he has none. Not sure I can even talk him into it!