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Updated over 3 years ago on . Most recent reply

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Zeke Sanchez
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Timeline of events for buying a rental property

Zeke Sanchez
Posted

Good morning to all, I am curious of what steps I need to take from now to next November in order to buy a rental property. I am currently in the Marine Corps and on deployment overseas. I will be back in next April. I get out of the service next November and will be moving back to Texas with my wife with the hopes of using my VA loan to purchase a property (multi family). What steps do I take next as of now to the end goal in regards to getting pre-approved for VA loan, finding a property or working with a real estate agent and closing on everything? My ears are open and ready to learn and listen! Thanks in advance.

Most Popular Reply

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68
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Tyler Peitzmeier
  • Investor
  • Newport Beach, CA
66
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68
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Tyler Peitzmeier
  • Investor
  • Newport Beach, CA
Replied

@Zeke Sanchez another great tip with VA loans, is that VA will only let you have one VA loan at a time. After the year in the property, you can refinance the property into a loan with another bank and go buy a property again with a VA loan. I have heard of a ton of success with this strategy and it's something very useful to take advantage of!

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