Able to leverage 100%, but should I?
Hello everyone! I hope y'all are enjoying your day. I would like some advice. I am able to get a VA loan and buy a house with no money down. I was originally thinking about using an FHA loan so as only put 4% down, but now I'm wondering if I should go that route. If I do I have to wait for a while in order to save up money for the down payment as well as any rehab money and closing costs. I would be purchasing a multi-family so that I could house hack.
What would the pros and cons be to using my VA loan and not putting any money down? I would think that it wouldn't be a good thing to be 100% leveraged, but it would definitely get me started on my REI journey sooner. Please let me know what you think.