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Updated 5 months ago on . Most recent reply

User Stats

8
Posts
2
Votes
Christian Hunter
  • Investor
  • San Jose CA
2
Votes |
8
Posts

House Hacking with VA Loan

Christian Hunter
  • Investor
  • San Jose CA
Posted

Hello everyone!
I'm looking to use my VA Loan for the first time to purchase my first property. I currently live in Silicon Valley but house prices aren't feasible for me here. I'm looking into moving to Houston Texas so I can purchase a Fourplex or triplex and house hack by living in one of the units. I have the full property tax exemption in Texas for my VA disability, but I'm trying to get clarity on the property tax exemption. Does the exemption apply to multi-unit properties since I will be living in one of the units?
Are any veterans already doing this that might suggest elsewhere ?
Thank you all in advanced!

Most Popular Reply

User Stats

9
Posts
4
Votes
Carlos Rodriguez
  • Investor
  • Austin, TX
4
Votes |
9
Posts
Carlos Rodriguez
  • Investor
  • Austin, TX
Replied

I've used the VA loan twice to purchase 2 duplexes that I've lived in. Getting 4 units for very little down was a great way to build my portfolio. I agree with Joey, that you'll want to get a lender with lots of VA loan experience. Just be patient with the process and know that some sellers may chose a non-VA buyer due to the lengthy underwriting process. I don't have a VA disability exemption, so I'm not sure how that part works.

  • Carlos Rodriguez
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