@Ben O'Neill I have a second, and for a short while a third loan on a property.

@Paola Astrid, if so be the case, refi to a conventional investment loan. 

It recently dawned on me the idea of a non military affiliated individual assuming a VA loan, would this individual be able to then also gain the benefit of using an IRRRL since they have now acquired a VA loan through assumption?

I'm using my VA loan so I don't have to put any money down & can keep money in my account to fund rehab deals. 

If the lender is licensed in the state you're buying in, then they can do the loan.

Also there is no restriction on acquiring conventional loan on primary residence even if you have maxed out on conventional loan for rentals.

Hello all,
I'm looking to buy my first multi-family. I have a large lump sum saved in an investment account for down-payment and any additional costs. I currently have no debt and make under $100k a year. Because of ...

Hello, my name is Julian. I am a licensed realtor based in Atlanta, Georgia, and I am currently working on obtaining my mortgage origination license. I am 14 hours into the 20-hour online course offered by "RealEstate...

It depends on the LTV, type of loan, whether it is rate and term or cash out refi, and some other details, but that's not crazy.

But that extra $7200/year will go a long way in paying down your loan faster, build up another downpayment fund, pay off other debt, etc.