Financial strategies advice · From Military to Millionaire

Financial strategies advice

Hey military fam

Question: Are there strategic financing options available that would allow me to purchase another property using a VA loan without using my own cash? The challenge is that the majority of my VA entitlement is tied up in my current house, which is cash-flow positive as a rental but significantly impacts my finances due to the high cost of living in the DMV area. I have approximately $400k of VA entitlement remaining in Northern Virginia, and even less if purchasing outside a high-cost-of-living area.

The Ask:Is there a way to purchase another property using my remaining entitlement, while leveraging additional financing options to cover any costs that the remaining entitlement wouldn’t cover? I’m looking for strategies that would allow me to do this without relying heavily on personal funds.

Conditions:

I do not want to manage a property located more than an hour away.
If occupancy is required for 11 months, I prefer a location where I wouldn’t have to commute over an hour
VA loan costs I am under the assumption I would pay that

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