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Updated 9 months ago, 02/21/2024

User Stats

7
Posts
16
Votes
Caroline Knight
Pro Member
  • New to Real Estate
  • Illinois
16
Votes |
7
Posts

First Property - House Hacking Strategy

Caroline Knight
Pro Member
  • New to Real Estate
  • Illinois
Posted

Hey everyone!

I am moving to the Chicago area in June and want to use this opportunity to start my real estate investment journey! My plan is to buy a small multifamily property and househack. I am fortunate enough to have access to the VA loan and have a bit of reserves saved up for anything cosmetic needed or wanted before moving in and renting out any of the units but not enough for a substantial rehab. Has anyone else started out this way? Id love to hear anyone else's experience using a VA Loan for a small multifamily property (2-3 units) and any tips on what to avoid or make sure to do!

  • Caroline Knight
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