Hybrid VA Loan

[Brian Volland]

Hybrid VA Loans. I've seen a number of articles written about them which basically say that they are still around but I haven't seen much of anything on BP forums about them. As someone with limited capital who is looking for a MFR for his/her first purchase, I don't really see how this financing option could be a bad thing; especially if, like me, your focus is on cash flow.

If I pick up a MFR on a 5/1 or even 10/1 VA loan, recycle the profits to bulk up reserves and equity then I'm paying less to make my property a more secure investment. This could very well allow me to pick up a second or third property sooner once I have enough cushion (assuming a good cash flow). At worst, I could always refinance if I don't like the way the rates are looking. It's a terrible option if you're looking for a relatively short-term resale due to equity, but I don't see how it could be a bad option if the goal is to hold long-term.

Am I missing something about this or is this really what it looks like: A first-time real estate investor's dream financing option for cash flow?

Thanks for any help/advice y'all can offer.