Using a VA home loan

Using a VA home loan

Member since 2019 · 1 post · 0 votes

I'm new to real estate investing and don't have much for my first down payment. I spent some time in the military though and qualify for a VA home loan. So I don't need to put any money down for a down payment. I was just wondering if anyone has gone down this route and what your experience was like?

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  • Flipper/Rehabber · Houston, TX · Member since 2019 · 42 posts · 20 votes
    7y

    Hey Adam, there are lots of investors that got started with no money down loans. I did a USDA loan on my first property and house hacked and have been here for the last year, the biggest thing is that I rented out 3 of the 4 rooms which pays my mortgage and puts a little cash in my pocket each month, could be advantageous for you for sure!

    Best,


    Jake

  • Rental Property Investor · Springfield, MO · Member since 2016 · 1k+ posts · 890 votes
    7y
    @Adam the VA loan can be a great tool to get you started as a real estate investor! Have you thought about house hacking a duplex, triplex, or four-plex with the VA loan? What market are you investing in?
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