Just curious right now, but has anyone had success in using a VA loan or multiple VA loans to finance REI deals? I know that they have a ton of upside, however I am unsure of the rules/regulations surrounding them and possible limitations surrounding how many one can take out. In my current situation I won't qualify for a VA loan for another 5 years or so, but in the mean time I would love to understand more so that I can be ready to use that down the line or possibly help someone take advantage of that opportunity now.
The VA loan can be used to purchase up to a 4-unit house so long as it is owner occupied. These homes are also known as multi-family dwellings, and can be referred to as 2, 3, or 4 family houses. These homes are typically separated units with each functioning as a separate apartment.
@Brian Van Pelt how long would someone have to live in the unit before they had to move out that would not break the mortgage agreement?