Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. 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.
Innovative Strategies
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 7 years ago on . Most recent reply

User Stats

26
Posts
6
Votes
Jamaar Brown
  • Virginia Beach, VA
6
Votes |
26
Posts

Does anyone have good info on VA loans

Jamaar Brown
  • Virginia Beach, VA
Posted
I still have my VA loan and i want to use it in the next few months. Because i have to stay in the property while i have the va loan would it be more beneficial to just get a duplex or a triplex? I feel like a duplex will be perfect but i don’t know if i can run my business out a va backed loan. Anyone with va loan experience pls help me out

Most Popular Reply

User Stats

17
Posts
6
Votes
Hector Rodriquez
  • Altadena, CA
6
Votes |
17
Posts
Hector Rodriquez
  • Altadena, CA
Replied

Greetings from California and thank you for your service ... As a fellow vet let me say this - If this is your first time purchasing a property and you want to use VA, don't play yourself buying an SFR. Buy a duplex, triplex or even a four plex!!!

Buy in a decent area (B or C neighborhood) since you'll be staying there for a minute and plot your next move. The VA Loan has some pretty stringent rules which is good for a novice investor. I'd think about doing the following:

As far as running a business, many veterans have used the VA home loan to purchase their primary residence and run home based businesses so I don't think there is an issue there but i'd check with a VA lender.

Loading replies...