All Forum Posts by: Account Closed

Alec, I saw your post in the forums and thought I'd throw in my 2 cents. As a Veteran you qualify for the VA Mortgage (better than the GI Bill in my opinion). This means you can buy a 1-4 unit with $0. This allows you to get into buy and hold real estate investing with $0 into the deal, meanwhile living for free, possibly cash flowing and getting hands on real estate investing experience with very low risk. I'm also, an Army Veteran and I used mine to buy a duplex this summer. You have to live in the property for a year, but if you're like me you're used to being put into uncomfortable situations from the Army, so it is no big deal.

Now that I am getting into wholesaling, I feel the experience I've had with my duplex is invaluable.

@Jessica VanderJagt

Is this still a regular meet up? I'm new to the Muskegon area and I'm trying to find an REI meet up in the area. Thanks!

Hello everyone. I'm new to real estate investing and I'm looking for some feedback regarding the use of a VA mortgage. Specifically I'm looking into multi-family properties. I'm already pre-approved and have been looking for properties for a few months.

However, every listing I see on the MLS shows that the seller does not accept VA mortgage funding. Is this something common? Have any others experienced this with a VA mortgage? Are there any other approaches I should be taking with this?

I see the benefits of using a VA mortgage for investing in multi-family properties. However, if am unable to find a seller should I use a FHA loan instead? Thank you for all your time and feedback, I really appreciate it.