VA home loan

[Darrel Maxam]

I am new to investing in real estate. Can someone help me. I am a veteran. I can use a VA backed loan. After purchasing a property I plan on holding it and using it for short term rentals( Airbnb / home away). Does anyone know me know the process for me to move into my next property? Should I refinance? What is the process with a VA backed loan. How can I get to the next property?

[Walter Key]

@Darrel Maxam Your VA eligibility can be used to purchase multiple properties, depending on the price of those properties and a few stipulations. You must purchase the property as your primary residence in order to qualify for a VA loan. However, if you later move from your primary residence (I.E. PCS orders, relocation to get closer to the base, etc) you may rent out that property (while maintaining the VA loan) and purchase another Primary residence to live in with another VA Loan. As long as you don't exceed your VA Loan Eligibility, currently currently $417K for a single-unit home (yes, you can buy multi-unit homes with a VA loan), you can purchase additional properties with your VA benefits in this manner.