Getting out of military and have one more year of service. Should I use VA loan to purchase my first property like a multi family? I'm not sure what are the requirements for using va loan. Should I buy now or keep saving for another year? Will I wish later that I should have bought now instead of later ?
@Account Closed House-hacking with the VA loan is probably the best way for military/vets to get started in real estate. If you know where you're going to live, I would network on bigger pockets to find the rock star VA mortgage lender in that area and ask that person all your questions. They can probably refer you to a rock star agent who can help find you a 2-4 unit for your VA loan. "Don't wait to buy real estate - buy real estate and wait".
@Douglas Spence Thank you, I appreciate the feedback. I will be looking for the rockstar agents. I have a lender right now, is it good to shop around? If I can get approved for more with another lender is that obviously the one to go with if the rates are the same?
@Account Closed Just because a lender will approve you for a certain amount, doesn't mean that's what you can afford. I would definitely shop around to find the best lender. The best lender is not the one who will qualify you for the highest amount, rather its the one that is most knowledgeable, communicates the best, and has a fantastic network of other real estate professionals. He/she should also have a clear idea of what your goals are, and help you achieve them - not just suggest products to you because its more money for them. You want one with integrity!