Military partnership advice

[Gerhard Listander]

My buddy and I are starting a partnership together to use our VA loans to buy multi families for a buy and hold strategy. We've sort of come to the conclusion that we don't necessarily want to open an LLC right now due to the fact we can't use a VA loan under an LLC. What possible ways are there to be legally safe to show we both own a property. A written document that's signed between both of us stating we have a 50/50 share in the property? Would we both need our own umbrella/insurance policies? Should we make a whole new bank account just to collect money from the properties instead of splitting it between us? Any advice will be greatly appreciated!

[Abraham Saldana]

When utilizing a VA loan, you can purchase MFH's but you need to live in one of them. You both can only occupy one VA loan home for a minimum set time (usually a year) before you can move on. You cannot both occupy and use a VA loan from each of you to buy a single MFH. Hope this helps!