Analysis Paralysis Help: Househacking with my VA or a line of credit?

[Jose Quinones]

In the market to house hack. Looking for suggestions. Torn between using my VA loan or use my investment property below to help fund my deal.

Been losing deals left and right due to the owner occupied rule with VA.

I have about 30k in savings, 30k retirement fund, no debt, low expenses (living with parents until find a place)

I Own (under my name) a 5 unit mixed use building (4 residential, 1 commercial) fully occupied. Loan balance is 280k, value is over 500k, cash flows about $1300…went to apply for a business line of credit thru my operating LLC and was denied due to losses in last years schedule E…the idea was that I use the LOC to help pay for a down payment. They did offer a cash out refi though.

I know I have options. ****ing analysis paralysis here 😪

[Jose Quinones]

Quote from @Wale Lawal:

@Jose Quinones

VA loans include advantages such as no down payment, lower interest rates, and increased cash flow potential for house buyers. They typically apply to 1-2-4 unit properties and need at least one year of occupancy. Portfolio loans, asset-based lenders, and home equity lines of credit are all alternatives to traditional borrowing. Portfolio loans analyze the property's cash flow, whereas asset-based lenders make decisions based on rental property cash flow. HELOCs can be used on investment properties without requiring full refinancing. A cash flow study should be performed to ensure that the refinance does not drastically reduce the property's return.

Good luck!

 Thanks for your post reply! A cash flow study!? First time I’ve heard that phrase. I’ll do some digging. Thanks again!