Welcome to the Rich on Money Complete Guide to VA Loan Investing!
There are many things you can do with the VA loan benefit.
But can you invest with it?
Kind of, sort of.
The VA doesn’t say you can, but if you understand the rules, and buy properties as you move from assignment to assignment in the military, it is possible.
You can’t just buy a home and make it a rental property without living in it first. There is an occupancy rule I’ll be discussing.
You can, however, buy a house at your current assignment using your VA benefit, live in it for a short period of time, turn it into a rental property when you leave, and buy a house at your next assignment with a VA loan repeating the entire process.
Another possibility for investing is buying a 2, 3, or 4-plex using your VA benefit and living in one of the units for a short period of time. When you move on to your next assignment, you’ll be able to turn the entire property into an investment legally.
Let’s start digging into the details!
The first thing we need to understand is the occupancy rule.