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All Forum Posts by: Amardeep Singh

Amardeep Singh has started 2 posts and replied 8 times.

Post: VA Loans for investment properties

Amardeep SinghPosted
  • Posts 8
  • Votes 2

@Mike M. Awesome thanks, I’ll check it out.

Post: VA Loans for investment properties

Amardeep SinghPosted
  • Posts 8
  • Votes 2

@Chris Levarek Thank you for the reply. So have you used a va loan for any investment properties or do you recommend going straight into brrrr with a private lender?

@Margaret Johnson what about if you’re planning on using a property manager?

@Russell Brazil Thankyou.

Post: VA Loans for investment properties

Amardeep SinghPosted
  • Posts 8
  • Votes 2

So I'm looking in to my first property and I'm going to be using the VA loan, I understand that the VA loan cannot be used for investment properties. I do plan on living on one side and renting the other unit(s). I was wondering who on here has experience with purchasing a property with VA loans and maybe starting investing that way. I've been looking in to the BRRRR strategy and it seems like a great way to build a portfolio. I need some kind of direction, like should I buy a property with a VA loan since its 0 money down, and then build equity and then do a cash out refi to get another property? Who here has experience with VA Loans and investment properties using them?

Thankyou @Ally Kumar. Well I think house hacking would be good and I thought about that but I have two small kids and I don’t want to share a house with other people with my kids living there. 

@Jason D. Yes I will be using the VA loan so I think it needs to be turnkey, I think they're a lot more strict with approving for a house that needs a lot of work but I'm working with my realtor now to see what's out there. I'm trying to stay in largo/Seminole/P.Park area because I want to be close to work.

Thank you @Dmitriy Fomichenko! Looking forward to starting my real estate journey!

What's up everybody? I just joined here on Bigger Pockets and wanted to come on here a say what's up! Just a little about what my plans are... So I'm new to this whole real estate investing, I'm really interested in buy and hold rental properties(I'm in Pinellas County, Florida), I work full time but I want little side income as well. Since I'm just starting out, I just got approved for a VA loan for 200k. I'm looking into buying my first duplex. My plan is to live on one side and rent out the other side to start out, I've been on the look out for properties but no luck yet... If anybody on here is in the Pinellas County, FL area and has any tips or ideas for me starting out I would appreciate the help. Anyways ill keep reading on here and learning as much as I can.