Updated about 11 years ago on . Most recent reply
Need advice on buying home or real estate timing.
Greetings all,
New to forums but have read a lot here due to an awesome community so keep it up folks.
My question revolves around timing of buying a house vs buying real estate.
Im currently living in OH and will be moving to Texas at the end of this year. My wife and I want to buy a duplex and a house as soon as possible but are unsure of which to grab first.
We will be using the duplex as cash flow. What I don't want to happen is to buy a house first then not be approved for the duplex and vice versa. I am a vet and will be using my VA Loan for the house and not the duplex. So which would be more wise to look for getting into first, a home our the duplex for money then the home?
Also as a second question would it be wise to start looking at a home or duplex while still here in ohio or to wait till i have feet on ground in texas? Real estate agents anyone would reference in the killeen area?
Thanks for anything you guys provide.
Most Popular Reply
@Matthew Byers check out the VA Lenders Handbook Chapter 3. It's a one-stop-shop for everything you could ever want to know about VA Loans.
There is a ton of great information in there. If you wanted, you could buy your duplex and live in one side for a year to satisfy the VA requirement. Then you could refinance it into a conventional loan, move out, and re-use your full VA for a home. Don't forget that you can also buy a triplex or quadplex...that's my plan once I PCS.
Feel free to send me a message if there is anything I can do to help. Best of luck.



