I bought my first house a 3 bed 2 bath where I bought it at loan value at a 40k discount compared where the sellers bought it. I used my VA loan at 5.75%. My plan is to house hack and rent out the excess rooms to build up more capital then use the rest of my VA loan to buy a duplex or two.
@Cassidy Ferrel That is a smart strategy, especially getting in below market value on your first deal. House hacking with a VA loan is one of the best ways to build equity and reduce your living expenses while positioning yourself for the next purchase. Just make sure you screen your tenants carefully and keep your debt manageable as you scale.