Real Estate Investing Tips for Active-Duty Military & Veterans

Abstract

Invest in Your Own Home Using the VA Loan Using a VA loan offers many benefits when buying a home Almost all first-time real estate investors get their start by purchasing a primary residence. The VA Loan is a government-backed loan program that helps active-duty veterans and their families finance the purchase of a home. While the loan was designed for veterans, active-duty members are still eligible in most cases as long as they've served for 181 days While VA loans have many advantages, they also come with several stipulations that make real estate investing more complicated. All homes purchased with a VA loan must first pass a unique military appraisal to ensure compliance with the military Minimum Property Requirements. While it's never ideal to move unexpectedly, a PCS provide military investors the opportunity to operate their former home as a rental and buy a new home using a VA loan. Use the VA Loan to Purchase a Multi-Unit Home One of the best real estate investing strategies for military members is to use their VA loan to purchase multi-family real estate. VA loan entitlement refers to the amount of the loan that is insured by the Department of Veteran Affairs.