All Forum Posts by: Patience Johnson

Awesome information everyone I was so confused about the landlord requirements and all. I think I am going to go the FHA route on the Multi Family and save my VA loan for our personal home purchase next year. I believe FHA allows for rental income to be used but at the cost of 3.5% down payment.

I have a unique situation. 

I am trying to buy a 2-4 unit property in San Diego, California using my VA loan. I currently only have disability income and a small inconsistent income from my online selling business.

I've heard that if you plan to occupy one of the units, it would be possible to use the potential rental income of the remaining units as income to qualify for the initial mortgage. 

If anyone has any information please help.