Your VA loan eligibility will allow you to purchase primary residency homes (lower down payment and interest rates) that you can later use as rentals.

Have you thought about moving out of your house, turning it into a rental, and getting another primary residence with an FHA loan?

Thankseveryonee for your feedback,This person sold his primary resident last year and renting right now but the property in new york free and clear..though he lives in south carolina... should I consider new york home to be his primary resident cause I dont want to get into residential lending..thanks

I know that I won't qualify for a commercial loan due to lack of immediate cash-on-hand.  

I reside in Virginia Beach, if you'd like to network feel free to shoot me a PM!

If you have a decent deal, all you have to do is go post it on any major search site and it will get noticed, you will meet buyers (qualified and unqualified) and naturally grow your network.

we're  pre-qualified for our next purchase but not sure if it should be another single family or multi family unit.

Here in the States, most conventional loans won't qualify since the house as is can't pass an inspection.

I have been reading about Owner financing for a few hours and learned about Lease Options and Sub2.Before that I made them an offer hoping they owned the property out rightThe reason behind the offer is in February 2014 I had to short sale  my primary residence, fastfoward march 2016 I started learning in BP, April 2016 I started my LLC in REI.The way I saw this is, get this property with no money down, I can cut my monthly rent from $1,200 down to $800 or less.

I live about 6 hours away from where my rental property is located and plann to invest in that area due to the price of single family units.For the no money down option for home purchase I'd look at VA loans if you qualify.