Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Creative Real Estate Financing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 6 years ago, 08/30/2018

User Stats

507
Posts
170
Votes
Kevin Phu
  • Rental Property Investor
  • San Diego, CA
170
Votes |
507
Posts

VA loan exit strategy

Kevin Phu
  • Rental Property Investor
  • San Diego, CA
Posted
I'm trying to learn the best way to exit out of my VA loan. I currently have a VA loan on a 4br/2ba SFR that I am house hacking. For the past year I have been renting out two bedrooms which covers more than half of my PITI. The goal of this purchase was to significantly lower my out of pocket expenses, which it has. I have one tenant moving out and when I advertised the available room to employees at the govt agency I work for, I had 6 inquires on day 1. I have no doubt this pool of available renters will be available for quite some time. So theorectically, I could rent all four bedrooms out to individuals and cash flow on the property. That would leave me with no where to live though so I would have to find another property. I could use an FHA loan but I don't like the idea of PMI for the life of the loan. What are some ways I can refinance out of the VA loan so I can use it again? I can pay 0% down and no loan fees because I am exempt from it. I could

Loading replies...