It depends on your goals but I and many of my friends and clients started with house hacking and then used the equity to buy out of state.

Hello, I am a new member of the forum.A brief background is provided.

Always happy to chat over a cup of coffee!

Purchase price: $300,000 Cash invested: $300,000 Sale price: $400,000 This was my first property and decided to sell it get access to its equity.

@Aria SahaI did this and my bank wasn’t happy I moved 5 of my deeds from my personal name to my LLC.

My father is pretty close to retiring and has had a very successful last couple of years of his career.

That’s not a lot of tax savings but it does give you $68k so you can put down 10% on your $650k home.

They don't believe your numbers or that you'll be capable of hitting them.

Some lenders will base off the "mix" of commercial vs residential by sqft and some will base off of rent, and some will base off of the unit counts, so you'd want to take advantage of the lender/broker that can fit your scenario in the most favorable way possible.Is the property fully occupied?

.: I was always under the impression that a VA loan could not be assumed for investment purposes and that it must be for a primary residence, which typically means occupancy of the residence for a year.