Hey all, I'm just starting out and trying to soak up as much knowledge as I can. I'm fresh out of the military and working with my dad building our business. I'm wanting to do REI (mostly rentals) on the side. I'd like to build a duplex in my local area using my VA loan, live in one side until I've got some equity and refi conventional so I can move out and rent out both sides. My issue is that I don't know of any builders/contractors in the area that would build on a piece of land I purchase. Secondly, I don't have much money to put down hence why I want to use my VA loan. My question is how do I find a builder/contractor to build a duplex on my land and is there a better way other than VA to finance with little or no money down?
@Robert Orth congrats on your transition out of the military. I am not sure if you can use the VA loan for a new build. One thing you could do is get any kind of short term financing, form friends or family and finance the build. Once it is completed finance with a VA loan. This is something I've seen people do.