VA loan: looking at purchasing another home to move to - also considering renting current. How is this process? I’ve read about how you can qualify for 2 or 3 permanent residences at a time. This is a first for me trying to take out another.

like
Posting as :
works at
You are currently posting as works at

It's simple and not promoted as widely! If you haven't used up all of your entitlement call a mortgage company. Tell them you would like to purchase a home and you plan to rent out your previous home. (No real reasoning is needed)

Personally I said that I outgrew my Condo.

The mortgage company ran my numbers and told me I still had up to 370k available. I brought my second home for 260k and rented out my Condo in June of 2021.

Now I'm thinking about calling them again to see if I can qualify for a third home.

like

Yea, this is what I was seeing also. I think the entitlement cap is ~760K area. Which my current house was just under, but next will be above that. So I’ll have to see if it’s even worth pursuing. You can do a third though.

I am also in the process of researching this: this has to do with VA entitlement remaining but that’s about as far as I go for understanding the process. Following to learn more.

like

Also following to learn more. Curious how this process works

like

Believe this is strictly related to purchasing a multi family home.

like

I've purchased my duplex 2 years ago, and according to the VA, as I live in one of them, they VA don't care. This was my experience, though.

like

Unless you are exempt from that va funding fee, consider a conventional loan.

I had no issues buying a home I wanted to move into and just rented out the other one.

Related Posts

Anyone been able to work from Dubai for a UK/US firm and benefit from no taxes? I know if you are a US citizen you pay taxes where you are globally, but if you are British, then you only pay income tax on UK income - so if you live more than half the year abroad you are classed as non-domicile resident, but wanted to hear if anyone’s done this or heard about it?

like
like

Any good book for learning about real estate? I live in NYC,23 and I'm interested in getting in it next year God willing...?

like

Anyone willing to share what assets they're investing in with the extra money from being overemployed?

like

Is there anyone from Canada here? I’m looking for some information on working out of the country, but selling insurance.
Thanks

like

What are some of the things to keep in mind when leasing a new car? What are some add-on that can be negotiated on?

like

I recently bought my 1st home in TX. I want to get into real estate and eventually own/rent out multiple homes. Are there any good recommendations/tips on books/articles/websites that others have used to get started?

I've read about HELOC and cash out refinance to get a 2nd home but articles are so scattered that it gets confusing which is better in terms of tax benefits and immediate costs, etc. Anything others have found helpful that summarized how to get started would be great!

like

The basis of my bitcoin investing thesis

Post Photo
likefunny

Anyone ever have experience negotiating a new offer to include unvested 401k match and stock grants from your current employer? I hate leaving money on the table but there are some good roles out there. I’m not fully vested in my current 401k yet and my stock grants haven’t matured yet either. This would be at a global director level.

Anyone know the average annual rent increase for 1200 sqft 2 bedrooms? I’m renting and want to know what to expect in a few weeks

like

Is NIO worth a buy here or are there better options for EV?

like

Looking for some therapy, frankly. Somehow I've tied my self worth to my salary over the years. About to take a pay cut and having trouble accepting it, though I know extra time and overall balance will be worth it. Help!

likehelpful

I have no credit history and am just out of undergrad making ~$100k. Any chance of me being approved for Citi Double Cash or Chase Freedom Unlimited? Do I need to get a “starter” card to build some credit first?

like

There’s a debit card that I’ve been using for the past 4 years and it beats out some of the cash back credit cards. It’s the Cash app debit card. I haven’t heard people talk about it in the card community and it could save people a bit of money - 10% cash back. I posted about it on my Instagram HerMillennialMoney if you want to learn my tips and tricks with the care.

like

Hi everyone!

Wanted to know if Amex uses a lot of proprietary softwares/ processes which have no value outside of Amex?

like

What are some of the best books you’ve read about people and investing? Such as dealing with people (business psychology almost) and then investing (real estate more specifically)!

I am looking for books that give practical advice, not just big picture theory and motivation.

like

Roth vs Traditional 401k, thoughts?

like

Is it still worth buying Tesla stock? Especially after rising so much since year start?

like

When do you predict the dip? I've been waiting for so long, but don't want to buy now. VTI seems inflated.

likefunny

What trading platform do you use? I was thinking of switching to TD Ameritrade think or swim, but wanted to see if they were any better options

like

More Posts

Going to Jamaica for a bachelor party Memorial Day Weekend...da hell do I wear?

Anyone heard of stories re: Google rescinding verbal offers during this downturn? Went through onboarding process for an independent contractor role & passed compliance, BC, but still waiting on HR department for final green light for 1w (was told it’d take 2d) so not sure. In contact with hiring manager frequently.

like

Friend lives in Moscow, Russia and friends with a Sr manager of multiple rolex ADs in the city. Apart from the usual DJs, literally the only thing they apparently have in the entire city is a single Submariner gold TT. Crazy. And here I was thinking that I can outfox the waitlists

likefunny

Can someone refer me in companies which can pay above 25lpa for 5.3 yoe react developer? Serving notice

like
like

Looking for job opportunities in oil and gas industry,FMCG,fmcd, EV segment

How is job security in BNY Mellon | Pershing Technology department?
It's very scary to here abot lot's of layoffs in other companies these days.
......
#Layoffs #firing #Job #Termination

like

22- Asked to upload document in ibegin
23- Verified all documents
What next ?
Current status as show below on ibegin

Post Photo
like

What is the percentage annual appraisal hike given for CTC of 32 to 35 LPA at TCS? Grade: C3B

likefunny

Our grp president sent email recognizing women today, but only sent to a small group. Defeats the purpose, no? Wtf.

like

Just mine that is red?

like

PwC is getting a lot of hate out there :(

Hi peeps

Can you please like the post

So that I can get likes to make use of this platform

Thanks in advance

likeuplifting

Has anyone taken the below course for learning Microservices with Java, Spring Boot, Docker and Kubernetes?

Post Photo
like

Are there mid day networking events? An extroverted friend in a new-to-them remote role has recently realized they miss people though they like the work & employer. Any suggested mid day networking events or other ideas?

like

Is it still worth buying Tesla stock? Especially after rising so much since year start?

like

Looking for 3d environment artist job in Hyderabad ,

like

Hi
What opportunities are available for someone with a background in sustainability (Masters degree) and around 1 and 1/2 YOE

like

Starting a side project, if there are any other consultants who are interested with skill sets in art, animation, design, audio, coding, etc let's try to get something going

like

Who would you go with? Burrow has good match up and has been playing well. Will New England be able to stop Herbert?

Post Photo
like

Additional Posts in Veteran Bowl

Anyone gone through Amazon AWS’ military apprenticeship?

like

Anyone here downshift in life post service?

Feel like I've been going full bore for the past decade and literally have no problem continuing the trend. Like I could just keep marking milestones and grinding or whatever until I die.

Wondering when if anyone else felt similar and decided to pull back and do something more relaxing. What was the catalyst, what are you doing, and are you enjoying it?

I'd considered taking up a 9-5 somewhere but not sure if thatd wear off fast.

like

Anyone find it cute when your co-workers get excited about establishing a "war room"?

likefunny

I did my time and got out and was thrilled but now I am insanely bored and don’t have much motivation. Am considering getting back in or applying to become a police officer / fed...cont

like

Do I go for a promotion even though I’m being told it isn’t a home run? Is there a backlash/ detriment to declaring for one and not receiving? Would I be wasting folk’s time? This is my first run at a promotion outside the Army.

like

I want to buy a new home and then sell my current home after we are moved out. Current home is a VA loan, is there any way to buy the second house on a VA loan?

like

SO said he couldn’t receive letters during Ranger School, but finding info online that I can send. Any insight? Maybe he doesn’t want the distraction?

like

For those of you who got out at 10, do you wish that you rode it out to 20? I’m at a crossroad and I’m not sure what to do. Have some active/reserve time, wrapping up graduate school, and am now considering either a) come back to the business world or b) go active and retire before 50 and live off a nice pension. Obviously there are draws to both. I’m an officer for what it’s worth so I can realistically retire at O-5, MAYBE O-6.

likesmarthelpful

Colleagues, if any of you are interested in helping severely disabled combat veterans get homes adapted for their disabilities, let me know. My wife recently started working for former NFL linebacker Jared Allen and his foundation. We're trying to figure out how to leverage the power of the big consulting firms to help our brothers and sisters in need.

like

What are the best consulting firms for someone with a TS/SCI with FSP? Non staffing roles. I’d rather do strategy, transformation, tech integration, etc...

likehelpful

McKinsey & Company Anyone at McKinsey & Company willing to refer a Marine veteran (OIF, I swear I will not eat all the crayons. "Crayons" are for art is what my wife tells me to tell myself)

5yrs Marines (Sgt, Comm maint tech w infantry Bn)
8yrs in Oil & Gas (engr coordinator, qty surveying and proj ctrl)
CM undergrad
MBA (professional program, graduated May 2022)

I'm looking for a role in McK serving O&G, industrial, capital projects clients. Open to generalist roles as well. Can review for vetting.

likefunny

How long after transitioning did you start to feel comfortable in your role? Feeling major imposter syndrome in my first 3 months

like

Tis the season: If anyone is cleared and interested in a referral to ☝️, please feel free to reach out.

likefunny

I am a traditional reservist so I never really used military benefits before, but could use advice here.

I am currently renting and my lease is not up until October 2021, however I found a good deal on a home and scheduled to close in June 2021.

My landlord will not work with me to end the lease early, so it looks like I will have to double up on rent and mortgage through the summer.

If I went on active duty orders, can I use those orders to break my lease early without penalty?

like

M7 Bschools with most scholarship opportunities for vets?

Received bad news from Accenture today. Unsure of what they were looking for. I was referred for on a JMO application.

Post Photo
like

Anyone here use or know anyone who has used Vet Comp and Pen to get/increase VA disability benefits? Wondering if they’re reputable.

like

Has anyone done or know anything about the Army Congressional Fellowship Program (ACFP)?

like

How much do you put into TSP?

like

Anyone working at Raytheon or lockheed . Applied for several positions and nothing. Currently transitioning to civilian life and job hunting

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal