I’m currently active duty in the Navy (E-2) and trying to figure out how to make the most of my VA loan benefits. I was thinking about buying a house near base using the VA loan and then renting it out as an Airbnb to create some passive income.
My questions are:
• Is it even possible/legal to use a VA loan property as an Airbnb?
• What are the main risks or downsides I should watch out for (financial, military orders, HOA, etc.)?
• Has anyone here done something similar while still active duty? How did it work out?
I’d love to hear from anyone with experience using their VA loan for house hacking, Airbnb, or other investment strategies while in the military.
E-2 using VA loan for house hack/Airbnb — good idea or too risky?
byu/mainattrakionz inMilitaryFinance
Posted by mainattrakionz
2 Comments
You would need to live in it as a primary residence for a year.
Are you even going my be collecting BAH? If not there is zero chance you could afford it (unless you have outside money).
Start with renting out a single room of your house, aka getting a room mate