NEW CONSTRUCTION READY MOVE IN BRRRR
Dear all, share your thoughts on this.
Simultaneously while flipping homes or involved in other investment vehicles.
If you have VA or Navy federal, you can do it with zero down and zero pmi , interest a little higher, but super low out of pocket since only closing cost is what you would pay. 12 months later do it again and move into your second new home with the same program. after 24 months, do it again, same program, by now you already had a full year of rents for House #1 where you can cash out refi , hold the property. Use that for closing cost on property #3, and so on with #4 then #5.
Navy asks how much you will be renting your primary for once it becomes a rental with a tenant to make sure the current mortgage gets taken care of. Navy will always service their loan, never be sold forward.