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Updated almost 5 years ago on . Most recent reply

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Jacoby Turner
  • Oakland, CA
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Investing with Va Loan multi family

Jacoby Turner
  • Oakland, CA
Posted

I’m 26 years old.  I’m a veteran trying to get started in real estate investing. I do make okay money. I’m a electrician in SF. I want to buy a multi family in East Bay within the next year and a half. With the VALoan, I have 0% down but I have been saving for earnest money, closing costs,& down payment. Just want some help with some Sound advice for a young man.
with 0 down , do you think renting out the other units would be wise . What’s that best decision in my position .Is this a good choice , if not tell me why please

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Sean McDonnell
  • Real Estate Agent
  • Surf City, NC
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Sean McDonnell
  • Real Estate Agent
  • Surf City, NC
Replied

With the VA loan, you can buy up to a 4 plex with 0% down as long as you intend to live in one of the units as your primary residence. That is a great way to get started in the real estate investing game. Are you self-employed or W2??

Thank you for your service to our great country!

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