Multi Family - Buy & Hold Advice

[Chris Brown]

I'm a veteran who's interested in using his VA loan to invest in his first multi-family property. My goal is to find my first deal and start my real estate investment journey by house hacking. I've researched the different strategies and read books about rental properties but I'm sure there are things I should watch out for. Does anyone have any tips or advice about making your first multi family investment?

[Heath Ryans]

@Chris Brown be aware that the VA loan requires you to owner occupy for 1 year before you can move out. If you decide to move out in the first 5 years or so, your not going to have enough equity to refinance and get your VA money back so it will limit what else you can buy with 0 down.

Run the numbers with you living there and without. Make sure you are happy with your NOI under both circumstances.

you can use the VA loan to buy up to a 4 unit property. Take advantage of that.