VA Home Loan for Rentals .... Any Advice is warmly welcomed.

VA Home Loan for Rentals .... Any Advice is warmly welcomed.

Accountant · Olympia, WA · Member since 2018 · 7 posts · 0 votes

Hi Everyone, 

Thank you for any advice and insight you may provide on this. I thoroughly appreciate it. 

My Fiancee has a VA Home Loan opportunity that we can use. I have done a little research into our ability to utilize this home loan towards a rental property (our goal is a 4-plex). The research I have found says that the VA home loan cannot be used for investment nor income properties. However, if the owners occupy at least 1 unit then the loan can be put towards a 4-plex or smaller.

I would love to leverage this loan, especially with it being 0% down. 

Thank you everyone, and Happy Thanksgiving. 


Best Wishes, 

Sammie F

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  • Nathan GesnerBusiness Member
    Moderator
    Real Estate Broker · Cody, WY · Member since 2010 · 28k+ posts · 41k+ votes
    7y

    Yes, you can use a VA loan for 1-4 units as long as you occupy one of the units.

    The DIY Landlord Book4.7247 Reviews
  • Accountant · Olympia, WA · Member since 2018 · 7 posts · 0 votes
    7y

    @nathan g. Thank you. Have you used this method, or know others who have? Is it common ? 

    I see you are from cody. My fiancee and I used to live in cheyenne. :) I hope the winter is kind this year. 

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