Military VetVA Loan for 4 unit Multifamily in DC MD VA

[Melvin Walker]

Hello BP community,

I'm new to realestate investing and I'm a military vet with a VA loan looking to secure a 4 unit Multifamily in Dc MD VA with three tenants occupancy possibly so I will be able to use the cash flow from the three units as debt to income ratio. I'm not sure of the process at all on how to secure this property so a local realtor or investor could reach out to us and help create our first deal!

Thank you

Melvin

[Russell Brazil]

Typically a property will be either fully vacant or fully occupied when it is offered for sale.

Multis are amongst the most competitive segment of the DC market. Im going to be brutally honest, you will be very very hard pressed successfully using a VA loan to acquire a 4 unit because of how competitive the market is. Definitely possible, just extremely hard in this market. The last time I successfully did a VA loan on a multi, we had to find an off market multi that was already rehabbed (Finding ones that meet VA requirements is challenging too, as they are often in poor condition).