Does anyone have experience using their VA loan to build duplexes or quadplexes? We are considering using this strategy in Jacksonville, FL, specifically in the Springfield neighborhood or nearby, but we are unsure if it could work or where to start. We would appreciate any insight or advice.
Does anyone have experience using their VA loan to build duplexes or quadplexes? We are considering using this strategy in Jacksonville, FL, specifically in the Springfield neighborhood or nearby, but we are unsure if it could work or where to start. We would appreciate any insight or advice.
Thanks
@Jason Williams I don't, but find a mortgage broker who specializes in VA loans or see if they do them and start asking questions. Or just ask someone at Vystar or something and see what they say. Then call a builder and get rough price per SF for building costs and then do a rough rental comp in the area and see if it makes close to any sense.