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Updated over 5 years ago on . Most recent reply

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Dakota Harrold
  • Rental Property Investor
  • Portland, OR
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VA loan to house hack

Dakota Harrold
  • Rental Property Investor
  • Portland, OR
Posted

I'm in a pricy market (Portland, OR) and considering a house hack option for a 234 plex on my first purchase. I'd be utilizing VA, zero down financing and understand you can claim rent on the units you don't occupy as income??! Anyone been successful with financing this way?

I'm also looking for do's and dont's, any insight or advice before I pull the trigger. I appreciate your feedback!

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Twana Rasoul
  • Real Estate Agent
  • San Diego, CA
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Twana Rasoul
  • Real Estate Agent
  • San Diego, CA
Replied

Hey @Dakota Harrold the VA loan is second to none, especially when it comes to house hacking a 2-4 unit. If I personally had access to the VA loan I would purchase the most expensive 4plex that I could get my hands on (as long as it made sense as a long term buy and hold). Living in an expensive market when you have access to the VA loan is a great thing. If you are going to be in San Diego, you should hit up @Brian Koons and @james De Leon, they each purchased 4-unit properties in different parts of town well over $1M , using the VA loan, just a few months ago...ask them how it is going...spoiler alert, neither one can wait until they can buy their next property.

  • Twana Rasoul
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