New to the site and curious about something
Hey every one I'm new here currently living in Washington I am originally from Nebraska and am currently in the military, I'm trying to advance my self in the upcoming years by starting with real waste and my interest falls in with multi family homes I've come across multiple 4 plex complexes that I can rent out and to make a long story short I see a lot of people going with private loans and then refinancing with a bank loan type situation later, now on that note would it be better to go with a private invested starting off or should if I have the ability should I go with a loan straight up granted I can get a VA loan right away with up to 417k loan if I needed to with the property I'm looking at its only 245k possibly lower if I can work it for a 4 unit complex, so I'm open for any kind of information that can be tossed my way
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Are you going to be an owner occupant? If so I would go with the VA loan assuming the interest rate will be low (which I think it should be).
If you can get that kind of financing I would take it.