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Updated 9 months ago on . Most recent reply

User Stats

27
Posts
6
Votes
Brandon Chen
  • Rental Property Investor
  • Valencia CA / Detroit, MI
6
Votes |
27
Posts

VA Loan Multifamily Los Angeles County

Brandon Chen
  • Rental Property Investor
  • Valencia CA / Detroit, MI
Posted

Hey Everyone!

I'm wondering if any veteran on BiggerPockets has ever utilized their VA loan to secure any multifamily property ( specifically here in Los Angeles County), i'm familiar with the process but just wondering if anyone has ever done it. Especially being in CA where it's so expensive.


Thanks!  

Most Popular Reply

User Stats

27
Posts
6
Votes
Brandon Chen
  • Rental Property Investor
  • Valencia CA / Detroit, MI
6
Votes |
27
Posts
Brandon Chen
  • Rental Property Investor
  • Valencia CA / Detroit, MI
Replied
Quote from @Rick Albert:

I've helped a client buy a house with ADU using the VA loan. He bought it in 2020 and now rents it out completely and I helped him buy another primary.

The challenge will be finding MFU that are vacant. It's not impossible as I have had many clients do it. A house with ADU would be easier. The main downside is the loan limits for a house with ADU match a single family, not those of a duplex (which is higher).


 Hey Rick,

Mind if I get your contact info? Getting very serious about exploring this option here in LA. Thanks man 

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