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Updated over 2 years ago on . Most recent reply

User Stats

157
Posts
80
Votes
David Maldonado
  • Rental Property Investor
  • Santa Maria, CA
80
Votes |
157
Posts

Va new construction loan for quadplex build

David Maldonado
  • Rental Property Investor
  • Santa Maria, CA
Posted

Hey everyone, i want to use the va new construction loan to build a quadplex with 4 bed 2 bath 1400 sq ft and a 34x24 garages per unit. I'd basically want to house hack a new build. 

i know this would be really tough to sell, but would i  increase my chances if i came up with a solid plan? I'd include

land info

if the city will allow it

all preliminary costs before the okay to actually start building

cost of construction 

length of construction 

contractor info

comps in the area by sales and income approach due to it being multifamily.

market rents comps

and basically a price for the entire project from start to finish.

I'm coming up with a plan so i can start contacting lenders....especially if my offer doesn't get accepted haha

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