VA beginners help

[Erik Jensen]

I'm prior military and have access to the VA loan, is it a good idea to use this for investing or should I save it for my own home?

[Kaleb Joyner]

I can't urge you enough in this situation to take Brandon Turner's advice and house hack. I'm currently Active duty and have used my VA loan to purchase a multi family (triplex). I lived in one unit and rented out the other two, which paid for the mortgage completely. Now, I did have to pay for my own utilities out of pocket, but I didn't consider that a terrible thing. Since then, I have moved out of that property, have it fully rented, under property management and it is cash flowing about $600-$700/mo. As I look back on that deal, I can't be happier with how it turned out. Was it a home run? Not at all. But I can say with confidence that it is a solid deal that yields a consistent return for me.

If you have any other specific questions about house hacking using the VA loan, I'm glad to help you out.