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Kevin Phu
  • Rental Property Investor
  • San Diego, CA
171
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507
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Buying Discounted Property with VA Loan

Kevin Phu
  • Rental Property Investor
  • San Diego, CA
Posted

Hey all! So I am looking to use my VA loan for a property to house hack. With all the strict VA guidelines and such, how feasible is it to be able to get a somewhat distressed, more along the lines of very outdated but livable, property with a VA loan?

Has anyone had any success finding an off market property where the seller was willing to comply with the VA loan guidelines such as having to pay for termite inspection and clearance, strict appraisal/inspection, etc...?

Lastly, say I were to find a property off market and I am currently working with an agent for MLS listings, should I bring my agent in to be a dual agent or should I go in without an agent which would, I assume, entice the seller more to sell due to not having to pay commission. Mind you this would be my first purchase but I have looked at the CA RE Associations purchase agreements and such so I am somewhat familiar with that and the process. Just not 100%.

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