Updated almost 7 years ago on . Most recent reply
VA Financing for multiplex
So I found a beautiful apartment complex in a historic part of SLC. Newly renovated with tenants in place and one open with a place for me. The sad part it is a 6 plex which means I can't use my VA benefit to take the loan down to 4.5 percent from say 6.5 percent. Rents look great on it and it is in that perfect part of town where you could easily push them up more. I also talked to some multifamily specialist the other day and it was much more intensive to get financed through them. Could I buy this then combine to of the apartments? I also read somewhere if I have another VA certificate holder sign off on this loan I could buy a 6plex, is there any truth to that?