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Va loan-3BR,2.5BA,Townhome-Hampton, VA. Advice on renting it out?
We purchased a Townhouse using the VA Loan 6 months ago. Spent 160k, and rehabbing with 20k, which in 6 more months will be done. My wife and I are thinking on a strategy to rent it out and to purchase another home with our VA Loan.
Our first thought is to refinance, start an LLC, and have the LLC purchase the home and rent it out. Any thoughts?
Second is to not refinance, just rent it out, and use the VA Loan to purchase a bigger home because our family is growing. Any thoughts?