I'm looking into buying and flipping a property. I am a veteran and I'd like to find someone who has used the VA to purchase a home or property. Are there any veterans on this site who may have used their VA benefits to finance a property? If so, are there any certain stipulations as far as using the loan for real estate investment goes? I know I will need to live on the property as long as I own it, but anything else I may not know? Thank you for the advice.
You can't use a VA loan for flipping. the purchase has to be owner/occupied with a 12 month residency requirement. 24 months before eligible to rent it out.
It will also be tough to get a house that needs TLC with a VA loan. Their safety requirements are pretty strict.