Leveraging The VA Loan For Maximum Returns // Our Live-in Flip and BRRRR
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Leveraging The VA Loan For Maximum Returns // Our Live-in Flip and BRRRR
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Hey hey! Welcome back!
First off if you're looking for a summer seltzer, get yourself a pack of Topo Chico Hard Seltzer and thank us later.
Second, in this episode we explain to you why and how we used our VA Loan to purchase a property in NorCal that we are currently cash flowing on, will cash flow even more once we rent it out, and can eventually refinance and do it all over again.
Last year during COVID, we ditched our rental to buy another house. But this time instead of picking something "nice", we opted for a home that needed some love.
Here are a few benefits to this strategy:
1. Lower monthly payments since it was less desirable
2. Force appreciation from remodeling/renovating
3. Cashflowing off our BAH since we are only spending $1,450 of our $2,200 allowance
4. It's in a rental-friendly area with a high demand
5. Over the next few years we anticipate the home to appreciate quite a bit which will allow us to either refinance or sell
6. THREE PERFECT EXIT STRATEGIEES
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