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Updated 3 months ago on . Most recent reply
Building Multifamily Property with VA Loan
Hey there! New REI here. I am interested in purchasing or building a multifamily property to househack. My wife and I currently have a SFR that I could turn into a rental or sell if the numbers worked. I am currently serving in the Indiana Army National Guard and have access to the VA Loan. I would want to use the VA loan to purchase or build the Multifamily. Does anyone have any experience in doing this? I appreciate any advice you can give!
Most Popular Reply
@Douglas the VA loan is a great opportunity, and I love the way you're thinking. The only way you can buy/build more than (4) units is if you partner with another veteran who has access to the VA loan and you both owner-occupy. In this case you can do up to (6) residential units and (1) office space...but that is the cap. otherwise 4 units is the most you'll be able to build.