I'm torn between using the VA loan ($0 down) to purchase a multi-family or a single-family home in Dallas. I am new to REI. My long term goals are to buy and hold. I've read several posts regarding the pros and cons of buying and living in multi-family homes. The idea of living in one of the units and renting out the other units seems to be the best option to fully leverage the VA loan. Does anyone have experience using the VA loan to purchase multi-family homes in the DFW area? I welcome advice and input from anyone willing to help. Thanks
Your other option is to buy a SF home, live-in fix for a year, then rent/sell. I've done that twice now. On the hunt for a deep discounted multi-family unit to move into with the VA loan this summer.
Try looking at multifamily properties and compare rents in the nearby area. Or you could have a real estate agent do that for you.
It’s been a couple of years since this post but I’d like to hear how it went and what you learned from the process. Are you still active?