Military Investing

User Stats

8
Posts
4
Votes
Bianca Lavagesse
4
Votes |
8
Posts

VA Loan / House Hacking

Posted Jan 22 2022, 15:00

Hello Everyone!

I was wondering if anyone could share some of their experience in using their VA loan to house hack with tenants who have section 8 vouchers? This will be my first property and after watching Joe Asamoah (Dr. Joe) on BP, I am considering using my VA loan to purchase a single family home to househack.I align with his purpose of putting people into quality homes! With using VA I'm not sure if there would be implications in this strategy. Right now I am looking in the Hyattsville, Riverdale, Temple Hills, and Bladensburg area of Prince George's County. My concern is rehabbing the property, would I be able to use a Hard Money Loan then refinance into a VA loan? Or should I look into properties that require the least amount of rehab besides adding bedrooms and bathrooms with the VA loan and finance the costs with a private money lender? Sorry for the long post, any insight is appreciated!

Loading replies...