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Updated over 11 years ago on . Most recent reply

User Stats

7
Posts
0
Votes
Michael Schutte
  • Rental Property Investor
  • Panama City, Panama
0
Votes |
7
Posts

Possible to owner occupy a 10-unit?

Michael Schutte
  • Rental Property Investor
  • Panama City, Panama
Posted

My understanding is that a 1-4 unit building can be financed through residential financing. Our situation is such that we are qualified for a VA loan of up to $275,000. We are in the Las Vegas market and instead of purchasing a 4-unit complex for the going rate of about 100k we are wondering if it is possible to purchase a 10-unit owner occupied property for the $275,000 that we are qualified for using VA funding.

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