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Updated almost 5 years ago on . Most recent reply
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How do you use your VA home loan for your first investment
Hi everyone! I recently separated honorably from the Marine Corps and me and my wife decided to stay out here in Laguna Niguel, CA. I myself mostly have been looking into real estate and got intrigued in house hacking. I feel like it's a very smart move and will alleviate a ton of financial stress off of our backs. So my question is how to/should I use my VA home loan to invest in a multi family home. Thanks so much for the advices! Looking forward to connect with some of you.
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@Tristan Cabrera thank you for your service and welcome to BP here in the OC. I would suggest reaching out to a Mortgage Broker who can assist you with your questions. He/she will probably tell you that you have to live in the property to qualify. As for buying something in Orange County you may be looking for something in the 1 million price range which will limit your ability depending on your income.
Good Investing...
- Joe Homs
- [email protected]
- 949-625-4533