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Updated over 9 years ago on . Most recent reply

User Stats

32
Posts
4
Votes
LaShelle S.
  • New to Real Estate
  • Jackson, TN
4
Votes |
32
Posts

VA loan process for a multi family in Richmond, VA

LaShelle S.
  • New to Real Estate
  • Jackson, TN
Posted

Hi BP,

I am finally in the process of buying my first multi unit! I've been pre approved, I have my Realtor, I have my target neighborhood, I've been out roaming neighborhoods and running numbers on the BP calculators, I've been to my first REIA meeting in Richmond and now I'm just itching to pull the trigger. In the meantime I do have a few questions that I haven't been able to find the answers to on the forums.

1. Because it's a VA loan am I doing 2 separate appraisals? One for the VA and another "regular" one?

2. Are there home inspectors that specialize in multi families?

I'm sure there are more questions that'll pop up in my head and some that I'm forgetting. I've read a ton of Elizabeth Colegrove's articles to learn more about the VA process and any input would be appreciated. Thanks in advance!

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