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Updated about 11 years ago on . Most recent reply

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13
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2
Votes
Matthew Byers
  • Dayton, OH
2
Votes |
13
Posts

Need advice on buying home or real estate timing.

Matthew Byers
  • Dayton, OH
Posted

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

User Stats

277
Posts
78
Votes
Tyler Flagg
  • Investor
  • Pensacola, FL
78
Votes |
277
Posts
Tyler Flagg
  • Investor
  • Pensacola, FL
Replied

@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. 

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