Updated over 7 years ago on .
VA LOAN TO A 203K LOAN ADVICE
Good day ALL
I am an active duty service member in Hamptons road VA area
I currently have a house under a VA loan that i brought 2 years ago and still reside in this home. The mortgage loan is under My wife and I. I am looking to start my investment journey and would like to know is it a smart idea to try to get a 2-4 unit multifamily home in the same general area using a 203k loan on a foreclosure or fixerupper? I know i can rent the current house out because 1. I have been there over the year min and 2. I can say my family is outgrown the house. Has anyone done the same or have any insight on how this idea can go wrong so i can prepare and learn from others experience? Please share