What are your thoughts on using my VA loan for the first time to purchase a 3 unit multi family in Gary Indiana.

A few things to keep in mind: the entire operation must be outsourced, and neither you nor your immediate family members can't be involved as you are considered "disqualified persons."

I have helped clients in your exact situation in the last few weeks.You do not have to refinance that loan to purchase another home.In fact, you can purchase a new single-family home with 5% down and turn your current home into a rental.You can even use the rental income you will get from your current home to help you qualify on the purchase of the new one!

I did have a family emergency that took me out of office unexpectedly, and caused me to lack follow up for a couple weeks. 

I bought a 2 family back in 2022 I rented out the first side right away and then fixed the other side over the next year.

It helps to have a conversation with a lender in advance (if you are serious...don't waste anyones time) to explain your situation and see if there are any red flags.For single family or 4 units and under a pre approval is also not needed but does go along way. 

Even with hurricane Ian (biggest in history for the area) nothing over there would of flooded.

Investment Info:Single-family residence buy & hold investment.

Transitioning from single-family residences to multifamily properties, particularly those with 2-4 units, is likely to result in a better cash-on-cash return, provided they are acquired at the right price.

a dozen or more times.Bad surprises - The basement flooded, which meant water got into and messed up the furnace in late December, crazy rain and windstorms meant water getting through the new roof and leaking into the ceilings, a family of skunks found their way underneath the house, joists in the basement were cut out for a water line, which needed some structural repair before the bathroom could be completed.