Not sure what to do next


My name is Andrew and I am new to real estate investing. I own 2 properties, both rented because I am living in company provided housing in Mexico. I will return to KY in July, and I want to purchase a 3rd property. I am trying to figure out how I can get the down payment. My current homes are USDA and VA loans. The VA property I have only owned for 6 months, so I don't know if this would qualify as income yet. So, I need to try to refinance the USDA, I think, to get the downpayment, and then see if I can income qualify for an FHA loan on a 3rd owner occupy. If I don't income qualify, or can't consider the VA property rental income until after 1 year, then I will consider renting (from someone). That way, after 1 year, I will have 2 income properties, no monthly debt. Any thoughts or suggestions? 


Sign In or Register to comment.