How to reuse your VA loan for an investment property?

7 Replies

I have used my VA loan to buy a single family home in California. If I understand correctly, after two years I can rent out the property. A Veteran must live in the house for the first two years.

My question is, is there any way I can transition the VA loan to a regular loan to free up the VA loan again?
Then of course my next thought would be to use the VA loan to get a duplex, triplex, fourplex, or fiveplex.

Anyone have a good strategy to achieve this? Thanks.

@Daniel Reitz I've used my VA loan a couple of times before. I know that they only lend to purchase residential homes. 5+ units enter the realm of commercial properties. Plus, there is a limit to how much they will loan. It depends on each state and you can look up the limits on their website.

Free eBook from BiggerPockets!

Ultimate Beginner's Guide Book Cover

Join BiggerPockets and get The Ultimate Beginner's Guide to Real Estate Investing for FREE - read by more than 100,000 people - AND get exclusive real estate investing tips, tricks and techniques delivered straight to your inbox twice weekly!

  • Actionable advice for getting started,
  • Discover the 10 Most Lucrative Real Estate Niches,
  • Learn how to get started with or without money,
  • Explore Real-Life Strategies for Building Wealth,
  • And a LOT more.

We hate spam just as much as you

Create Lasting Wealth Through Real Estate

Join the millions of people achieving financial freedom through the power of real estate investing

Start here