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All Forum Posts by: Randy Olaes

Randy Olaes has started 1 posts and replied 1 times.

Rehabbing & House Flipping

Post: VA Loan / California ADU Business Strategy

Randy OlaesPosted
  • San Diego, CA
  • Posts 1
  • Votes 0

Hello Community,

I am a VA Loan homeowner. I secured a low mortgage interest rate during COVID, and hoping experts in this forum could recommend VA Loan business strategies as I would like to convert our permanent home into rental property and transition into another home.

1. Should I consider converting my 1950's garage into an ADU as I live near a college? If so, what is the best business loan strategy (ala VA-backed cash-out refinance loan with new terms or VA construction loan, etc.)? The rental intent is to have a full family home + ADU (college student or traveling nurse).

2. How do I find assumable VA mortgages or assumable FHA mortgages?  

Any recommendations for a SD RE, ADU General Contractor, and VA Loan expert. Thank you.




 

0 Votes
San Diego, California