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Updated over 7 years ago on . Most recent reply

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Jamaar Brown
  • Virginia Beach, VA
6
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26
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Does anyone have good info on VA loans

Jamaar Brown
  • Virginia Beach, VA
Posted
I still have my VA loan and i want to use it in the next few months. Because i have to stay in the property while i have the va loan would it be more beneficial to just get a duplex or a triplex? I feel like a duplex will be perfect but i don’t know if i can run my business out a va backed loan. Anyone with va loan experience pls help me out

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Hector Rodriquez
  • Altadena, CA
6
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Hector Rodriquez
  • Altadena, CA
Replied

Greetings from California and thank you for your service ... As a fellow vet let me say this - If this is your first time purchasing a property and you want to use VA, don't play yourself buying an SFR. Buy a duplex, triplex or even a four plex!!!

Buy in a decent area (B or C neighborhood) since you'll be staying there for a minute and plot your next move. The VA Loan has some pretty stringent rules which is good for a novice investor. I'd think about doing the following:

As far as running a business, many veterans have used the VA home loan to purchase their primary residence and run home based businesses so I don't think there is an issue there but i'd check with a VA lender.

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