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Updated 5 months ago on . Most recent reply
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VA Loan Multifamily Los Angeles County
Hey Everyone!
I'm wondering if any veteran on BiggerPockets has ever utilized their VA loan to secure any multifamily property ( specifically here in Los Angeles County), i'm familiar with the process but just wondering if anyone has ever done it. Especially being in CA where it's so expensive.
Thanks!
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Quote from @Rick Albert:
I've helped a client buy a house with ADU using the VA loan. He bought it in 2020 and now rents it out completely and I helped him buy another primary.
The challenge will be finding MFU that are vacant. It's not impossible as I have had many clients do it. A house with ADU would be easier. The main downside is the loan limits for a house with ADU match a single family, not those of a duplex (which is higher).
Hey Rick,
Mind if I get your contact info? Getting very serious about exploring this option here in LA. Thanks man