Advice on 3rd home!

[James Meyer]

Hi all. New to the forums here. I currently own a rental under a VA loan and one home as my primary residence under a FHA loan. How do I get my 3rd property without have to put 25 to 30% down? I don’t want to take lien on my 2nd property to provide the funds. Should I utilize my remaining VA entitlement to finance the 3rd home? How can I get around having the 3rd home as primary residence which is required under VA?

Thanks.

[Russell Brazil]

It is very difficult to use your VA entitlement for another property. VA loans are for owner occupants, so to get another one you would likely need to move or be re-stationed to get the exemption to get a 2nd va loan. The most practical way to get a 3rd property is to save up 20%.