hello all, I have this idea of doing a VA loan on this property in Oregon, it’s close to my family and my wife. My wife is there due to school and I’m in Idaho on orders, I am active duty. I wanted to buy the home and put some renters in it, build a portfolio hopefully. I wanted to ask if anyone has done this or found a loophole to get that mortgage while being away, was thinking I could tell the VA or whoever I’m renting out rooms to tenants.
Posted by AdNeat1972
3 Comments
Will your wife live in the property?
>put some renters in it
Nope. Not allowed.
It has to be your primary residence