All Forum Posts by: Brandon Nguyen

Long story short. Purchased a townhome 2018 before the military using FHA loan. Joined military 2019 deployed, came back and bought a single family home in 2021 using VA loan. Both are currently being rented. Talked to a couple lenders, haven't really dug too deep but lenders are saying my debt to income ratio is too high causing low purchasing power. Bottom line: how do I get more purchasing power? I have read about people having multiple VA loans and using the rent towards "income". Why can I not do the same?

Long story short. Purchased a townhome 2018 before the military using FHA loan. Joined military 2019 deployed, came back and bought a single family home in 2021 using VA loan. Both are currently being rented. Talked to a couple lenders, haven't really dug too deep but lenders are saying my debt to income ratio is too high causing low purchasing power. Bottom line: how do I get more purchasing power? I have read about people having multiple VA loans and using the rent towards "income". Why can I not do the same?

Justin, 

I have found several people that have tried and had very little success. It is looking like it is not worth the headaches and trouble to build using VA loan. Thank you for your input and advice.

Hello, 

Little background, I have a townhome in Columbia, SC that is currently being rented out. I bought a SFH in Richmond Hill, GA and sold it and made a little bit of profit. I am wanting to use my VA loan to build a multifamily home here in Colorado Springs, CO. I just have no clue as to where to start or look. Has anyone done it before?