2 VA Loans at The Same Time | Secret to Building Wealth with VA Loans

2 VA Loans at The Same Time | Secret to Building Wealth with VA Loans
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✝️WHO YOU ARE IN THE EYES OF GOD✝️

You are LOVED…
"But God showed his great love for us by sending Christ to die for us while we were STILL sinners.”
Romans5:8NLT

You are FORGIVEN...
"For he has RESCUED us from the kingdom of darkness and transferred us into the Kingdom of his dear Son, who purchased our freedom and FORGAVE our sins."
Colossians1:13-14NLT

You are CALLED…
"For we are God’s masterpiece. He has CREATED us anew in Christ Jesus, so we can DO the good things he PLANNED for us long ago."
Ephesians2:10NLT
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🔍ABOUT🔍

Can you have two VA loans at the same time? This is one of the most common questions I get from veterans and active service members. Yes, you can. You could even have more than two at a time and they could even be in the same state. In this video I'm breaking down how to have multiple VA loans at the same time to allow you to build wealth through real estate.
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#valoans #valoantips #veterans #military

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🚧DISCLAIMER🚧

The content in these videos shall not be construed as tax, legal, insurance, construction, engineering, health & safety, electrical, financial advice, or other and may be outdated or inaccurate; it is your responsibility to verify all information yourself. This is a YouTube video for entertainment purposes ONLY. All stats, data, house pricing, and anything else mentioned is always subject to change and is provided merely as an example at the time of this recording. This was created for educational purposes only and the opinions in this video are my own and do not reflect those of my employer.

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⏱️TIMESTAMPS⏱️

00:00 Intro
00:36 VA loan resources
01:29 How to use VA loan the first time
01:43 What property types can the VA loan be used for
02:10 VA loan limits/Blue Water Act
02:50 What are county loan limits
04:10 Preparing to rent your property
04:40 VA loan occupancy requirements
05:10 Property improvements you should and should not make
05:49 How self manage your property and screen tenants
06:22 Do you need a property manager
06:38 Rainy day fund/ reserves account
07:02 How to buy your 2nd property with the VA loan
07:24 How to qualify for a house when you already have a mortgage
08:14 Being aware of potential lender overlays that aren’t actual VA’s rule?
09:00 I need your help!
09:34 Remaining VA entitlement example
10:20 How to exceed your remaining VA entitlement
11:05 Comparing the VA loan to conventional
12:11 How to free up your VA entitlement
13:06 The importance of working with a VA specialist

[outofthebox]

I started purchasing realestate with my VA loan in 2018 and had 20-30k in savings. Speed up 2024 ive used it 4 times, 3 of which i refi'd out of to a conventional loan fixed 2.75%+- 30 yr and all mortgages pay off my primary except for $375 of the total 2450 a month 6% loan purchased last year. I plan to live in this house for 2 yrs to reduce capital gain tax and refi out to conventional loan in 2026 putting 150k into the loan and rent it out for roughly 850-1000k / month profit. Ill reuse my VA loan to hopefully purchase a forever home or a multi-unit investment property . I should net 12k+ a month on rentals, SS income, and traditional investment income in my 60s, hopefully slowing down in my 50s and stopping work entirely by 60. I started with 20-30k when i was 30. Today at 38, i have on paper 600k +- and 150k liquid because of real estate. Keep hustling folks 💯💪

[PowerGrindBoxing]

Ah man great information! I hope the algorithm gets it together and pushes your video out bc it’s trippin. Wishing you more views!

[hughjassol]

I could honestly purchase 3 homes from under 766k in my area. My question is. Does that 12 month requirement apply to the second or even 3 home? All the would be rentals, since I already own a home in the area.

[conradboyle]

Chincoteague Island, VA. Also bought a home in San Diego in 2019 for 530, 000.

[CALIfavBAMAbest]

Riverside County, CA
Shelby County, AL

[deirdrawilson]

Lebanon, TN and Castalian Springs, TN.

[ManuelOrtiz-lcgy]

Colorado Springs, Colorado
Thank you sir!

[bankrollblaze]

Dang bro I need to lock in with you ! I stay a few hours away in McAllen Texas. I used my first VA loan a year ago and now I’m looking to buy my second at the age of 24. The only thing stopping me is the uncertainty of how things work, if possible id like to contact you about more stuff

[kalifalettine]

can you cover presale vs construction loans

[akitas_winmont]

Great lnformation! But what if we want to sell the existing 1st home and then use a VA construction loan to build a forever home, how would the process be ?

[marcialperezjr]

I’m currently in the process of looking to buying a second property. I’m on the fence of freeing up my entitlement so I can buy a quadplex or just using the second entitlement to buy a regular single family home. I’m trying to weight my options. Any recommendations or insight?

[dianelucio]

We purchased a home 40 years ago using my husband’s VA loan. At that time we were told you could only use your VA loan once. Recently I saw an article where someone said they had 2 VA loans. Have things changed? Can we use the VA loan again? We sold that first house many years ago.

[viviancoleman]

Is there a way to flat out buy a rental property so we don't have to live in it for a year first? Both my husband and I have the VA Home Loan benefits, so my question is could one us buy a home to live in and the other buy a rental property right off the bat?

[BlockIce]

I wached twice, and still dont if I can get 2nd property, VA stipulated that we can only have one property unless you restored your benefit.

[Mike-ccrm]

Great info but I’ve been told that it has to be in a different states in order to do this or can you have two va loans in the same county if the county loan limit allows it??