Posted by RR Smith on February 21, 2000 at 05:08:50:
Work the numbers, read the posts on positive cash flow, cap rate, and multi units. Think duplex, BE THE DUPLEX, use the income from the other units to pay the loan certainly…it is a standard zero down, quick credit repair, slam dunk. The VA loan ain’t nothing NICE so pre qual. for that puppy and get a REALLY good RE Investor type broker/agent.
VA: Vet own, live in multi fam with enough cash flow to cover loan? - Posted by ann
Posted by ann on February 20, 2000 at 22:43:52:
Suppose one could find a multi 1-4 unit property
and get VA loan, live in one unit, and have
all of loan paid by other tenants.
Impossible?
If income needed, How much?
Person has debt, and no consistent documeted income,
but is VA elligible
(1-4 units if owner-occupied)
Do-able with any stretch of the imagination…or, how
to make this happen?
Thanks,
Ann