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Updated about 2 years ago on . Most recent reply

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Rethinking SA VA Loan Strategy

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Hi everyone!

I've been looking at buying a SFH (to live in) above $200K but having no luck with cash flow (for when I eventually move out) - got one more potential lead through seller finance. What's your opinion on using a VA loan to secure a home 0% down that I'll be at for 3-4 years, use the Air Force BAH to gain some equity to sell for appreciation, fingers crossed? My goal at this point to save my capital to BRRRR multi-family properties, once my family settle into a SFH.

What are some better strategies I can be attack with the VA loan given this market?

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Bruce Lynn#2 Real Estate Agent Contributor
  • Real Estate Broker
  • Coppell, TX
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Bruce Lynn#2 Real Estate Agent Contributor
  • Real Estate Broker
  • Coppell, TX
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If you are going to owner occupy for a year or 3-4-5....use your VA loan....or see if San Antonio has any down payment assistance programs. I saw one advertised that is about 5% of purchase price foregivable in 3 years....so that might be even better than VA. Buy as cheap as you can stand....you already have a goal to move in 2-3-4-5 years, so this is not your forever dream house....cheaper purchase price means lower rent in the future and a bigger pool of renters.

I think the best initial investment you can make is buying your own home....while you are in it...fix it up....do a project a month....paint, yard, kitchen, bathrooms, clean, whatever else needs to be done.   Now is the time to do your sweat equity while you are young....what can you do to add value?

Once you build some equity...let's say in 3 years....then look at options....is it a good idea to rent...or flip?   Don't over analyze now and not do anything....best way to get started is to get started.

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