Dual VA Loan Max Out--Lessons/Considerations

[Adam Munekata]

Investment Info:

Small multi-family (2-4 units) buy & hold investment.

Purchase price: $1,175,000
Cash invested: $19,000

I wanted to follow up on my first post almost two years ago and offer some advice to any new investors that might be in a similar position. This post is about my first investment using a Co-borrowed VA loan during the 2020 housing market.

What made you interested in investing in this type of deal?

Wanting to break into real estate investing. As a new investor and also a full-time grad student working a lab job, I really wasn't looking to get into anything that needed major repairs. The VA loan will only qualify you for move-in-ready homes so it had to be in decent shape.

How did you find this deal and how did you negotiate it?

MLS, I had just moved to the area and an agent helped me find it. There was no negotiation... it was 2020 on the MLS lmao.

How did you finance this deal?

A co-borrowed VA Loan

How did you add value to the deal?

Nothing big, new washer/dryer, blinds, AC

What was the outcome?

Still Holding (House-hack soon to be full rental)

Lessons learned? Challenges?

I'll make a separate post about this there's a lot.