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Josh Schmitt
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Purchasing Home in Utah with VA Loan

Josh Schmitt
Posted

Looking for some advice. I'm looking to buy a home in Utah using the VA home loan and I know most people would say to look for some type of multifamily property. The issue is the the multifamily market here is so inflated and most of what is on the market was built in the early 1900's.

Would it make more sense to house hack a new single family home with a MIL basement or to wait for a Multi-Unit property that is a lot older and may need a lot more upkeep?

Another option I've considered is just getting a cheaper single family home or townhome and saving money until I can get a nicer investment property later on. For example I can buy a brand new townhome for $305,000 but anything with house-hacking value (like a MIL apartment or multi-unit) typically is listed over $500,000.

Any advice would be much appreciated!

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