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Updated over 6 years ago,

User Stats

33
Posts
5
Votes
Joel Mitchell
  • Centerton, AR
5
Votes |
33
Posts

VA loan to build equity then refinance and repeat! VERR lol

Joel Mitchell
  • Centerton, AR
Posted

I have a question concern my current situation. I have access to a VA loan with no fees. I have been trying to figure out how to make a deal in my area for a while. I have to purchase in my area as I have to live there due to the VA requirements. The rents in my area do not support a true zero money down deal. No offer will be accepted as the purchase prices will be half or most likely less below asking,in a appreciating market. I have consulted my accountants and they have stated that a good deal to me may not be a good deal for everyone else. I have a job that I need to maintain until I get this side hustle to not a side hustle. What they are speaking of is the tax advantages for me. Does it make since to make a break even cash flow to increase equity and take the tax advantages? I have been working the math to refinances and make the 12% and $100 per door at that time. Getting started and using the tools that I have. Thank you for any advise.

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