Hard Money VA Loan Rehab ... Oh My?

[Kevin Cardinale]

Hard Money VA Loan Rehab ... Oh My?

So this would be my first deal. Meaning I would be the one signing papers and taking control of the property, not handing it over to someone else.

So my good friend is in the market for a house. I recommended he get a MFD, so he could make money continuously. So we went looking and found 4 quads.

I'm trying to wrack my brain how to do the deal.

Another investor said to make the deal at arms lenght, i.e. buy the home, then sell to VA. Friend is a vet and can get a VA loan.

I didn't understand quite how to do it though. Here's my thinking:

1. buy the quad with Hard Money
2. if the building needs rehabbing hire someone to do that for me
3. after VA inspection sell to my friend?
4. settle hard money loan

But, would I be taken to the cleaners going this way? I just don't know how to do it. I know private investors are supposed to have all sorts of options at their fingertips, but I don't have a lot of experience, nor know a lot of options.