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Can you use a VA, no money down, to buy a 4plex?
So a "friend" of mine is a vet and has access to VA loan. He wants to buy a house. One agent showed him a 4plex, instead of a house, because it was in the price range he was looking for anyway. However, it needed fixing up. One of the apts was already occupied and one was already revamped, but the last 2 were trashed. The problem was, on the VA inspection, would they deny it due to the last 2?
My friend never even went for it, but the question remained, as I advised him to continue looking at multi-dwelling homes as a source of income.
But, can you even buy a complex with a VA loan?
can you elaborate a bit, "the entire building has to qualify?"
