Loopholes to using a VA home loan for rental properties? Have heard buy a duplex and rent half out but curious if there’s other opinions lol

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Also curious… 🤔

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First - thank you fir your service.

I recently saw a post on Reddit for this exact topic. General feedback was that it’s ill advised, as VA loans are meant for personal home ownership

Thanks for the support! And fair enough. Seems like the only legal way is to get a duplex and live in part while renting the other half out

There are a few money down loan programs that allow you to buy 1-4 units as long as you owner occupy one of the units for at least a year, VA and FHA are the two most common.

No typically if you’re under 20% down and use fha you need to refinance to a conventional loan once you have enough equity to get rid of PMI. Still worth it IMO as you are getting 1-4 units with 3.5% down and you can still cash flow even with pmi since interest rates are so low.

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