Question:
“Hi Gary. I’d like to buy a property to rent to my son and his family. Can I use my VA eligibility to get a VA loan?”
Answer:
Unfortunately, no.
You can only get a VA loan on a home that you intend to live in.
This is a longshot, but if you don’t have a mortgage on your home, you could get a VA loan on it and use the money to buy the home to rent to your son.
