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Updated almost 8 years ago,

User Stats

16
Posts
0
Votes
Dom Jones
  • Investor
  • Oceanside, CA
0
Votes |
16
Posts

what would you recommend

Dom Jones
  • Investor
  • Oceanside, CA
Posted

Hello, I'm currently a bit stuck on want I should do next. Here's my situation, less than a year ago I used a VA loan to purchase a single family home. My home has gone up about 25k in value since then. I want to turn the va loan into an investment loan but my house would need to go up another 25k. I am looking for a way to purchase a multifamily property of 2-4 units using my va loan. I could sell my home freeing up the va loan to use on the multifamily but it's not a guarantee that I would be able to find a new property. 

So my question is, should I be patient and wait till I have enough equity in my single family property and then turn it into an investment loan? Knowing it would definitely cash flow nicely. Or should I sell my house now and hope to find a small multifamily property?

Any help or guidance is greatly appreciated thank you!

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