Has anyone opted to buy multiple apartment units or duplex/triplex, instead of a single family home, using their VA home loan?

I(29m) am currently in the search for a home, approved for $400,000 (no dependents). I was told all of my options by both my loan officer and realtor and they mentioned I could also opt get 2-4 apartment units using the VA home loan (any more than 4 units would require a commercial loan).

I know with my construction background/connections with people, the maintenance of multiple dwellings wouldn’t be an issue. Record-keeping, making sure units are safe and within code at all times, wouldn’t be an issue as I would be living at one of the properties myself. Because I am familiar with the area and it is near a few military bases, I know leasing the units wouldn’t be an issue. But I would like to know everyone’s thoughts about things I’m overlooking (I know there’s probably a few).

My questions… is this even possible to do with my budget? What are some other things I should know going in if it is possible? If anyone has done this, do you regret your decision? Why or why not?

Any other advice, opinions or experience is welcomed and appreciated.

Also just for context, my state will exempt property taxes. I am aware of appraisal fees and closing costs. Please let me know about any other fees I would encounter with this situation. I’m assuming there would be more things to handle considering it would be multiple, separate units (with potential tenants) rather than a single family home.

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πŸ‘€︎ u/92Freebanz
πŸ“…︎ Jan 20 2022
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[looking for] 2 to 4 bedroom duplex apartment in bk - crown heights/bed-stuy area

Hiii, my roommate and I are looking for a duplex apartment (preferably a brownstone) with a private backyard. Lots of sunlight in the living room area and open-concept kitchen. We have two ESA dogs so a private outdoor space is a must. Ideally, we would like to stay under $4,000/ month but we are flexible for the perfect place.

We want something long-term (16 months +) so we are being specific.

Must haves: 2-4 beds 1 full bath W/D in unit or hookups Private Outdoor space (i.e., private backyard or garden) Lots of sunlight/windows Dishwasher Duplex or triplex Near MTA

Wants: Near Herbert Von King Park (~20 min walk or less) Crown molding Exposed brick Fireplace (doesn’t need to be functional) Large kitchen with island or space for a dining table At least 2 full baths or 1.5 baths

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πŸ‘€︎ u/kamyriadavina2
πŸ“…︎ Dec 29 2021
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Duplex apartment (with additional studio) at 515 Park Avenue, NYC
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πŸ‘€︎ u/widmerpool_nz
πŸ“…︎ Jan 14 2022
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Townhouse vs Duplex vs Condo vs Apartment vs House?

Hello, I am just starting out in realestate and trying to do my research. In general which of these would be the better buy in order: Townhouse vs Duplex vs Condo vs Apartment vs House?

Advantages and disadvantages?

Thank you so much

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πŸ‘€︎ u/alphasinnuclein
πŸ“…︎ Oct 29 2021
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[Listing] 2 bedrooms available in a beautiful 3 bedroom duplex apartment in Williamsburg

Hello, My current roommate is moving to New Jersey and his room is becoming available in our beautiful 3 bedroom apartmnent. The room has large windows, private entrance and fits a queen bed, a desk and storage.

About the apartment:An absolute gem located in Williamsburg, steps away from the L and G on the Metropolitan/Lorimer station, on a quiet street nearby all needed stores, bars and restaurants.The unit is on two floors, fully furnished, entirely renovated and spotless. Large living room with big windows and plenty of natural light and a private balcony, one extra space that can be turned into an office/gym/craft corner, 1.5 bathrooms AND a large patio shared with one other unit.The building has luxury amenities with elevator, gym, storage, parking, lounge with pool table, laundromat, and a HUGE (huge) rooftop with city views.

About the room:The available room is large ( fits a queen bed), has big windows, a private entrance, direct access to the huge rooftop and a lot of privacy.

About the roommates:28 yo French woman working in renewable energy I work 9 to 5 partly at the office and remotely. The other roommate is a 25 year old man in the energy economics sector. We like to have time to myself in the apartment but would also like to cultivate a friendly atmosphere where we can chat, share an occasional glass of wine and have dinner parties together.

About you:Respectful and clean, down with everything mentioned above.

Please send a PM with a short intro, links to your social and we can schedule a time to visit.Message me for any questions

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πŸ‘€︎ u/ShadeJayJay
πŸ“…︎ Nov 15 2021
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Last night Raleigh City Council passed ordinance to allow more missing middle housing types across the city. (see comments for full text). Every lot can have a duplex and more zoning districts can have townhouses and apartments. cbs17.com/news/local-news…
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πŸ‘€︎ u/JosieA3672
πŸ“…︎ Jul 07 2021
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What is the better investment: duplex vs 2 bedroom apartment and renting out the other room

From an investment stance, what is the better option? 1) Owning a duplex or 2 family legal, where you live in one half and rent out the other or 2) Owning an apartment and renting out the second bedroom to a friend or someone you know.

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πŸ‘€︎ u/petey_guidz
πŸ“…︎ Sep 29 2021
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Do I have a better chance of getting approved for an apartment VS a privately owned house/duplex if I have an eviction?

I have at least 1 eviction (if not 2) on my record after some bad choices when I was in a bad relationship a couple of years ago. I've been very lucky to have some great friends who let me live with them. I've been paying rent, and I'm technically on a lease right now (just over a year), as my good friends own the house we live in. My current boyfriend and I have been talking about moving in together at some point and I'm really concerned about my approval odds, considering the eviction(s). Just curious if any had an opinion on whether there's something I could do to help the situation, and/or which scenario sees my best chance of approval. Thanks!

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πŸ‘€︎ u/im-a-demon
πŸ“…︎ Oct 25 2021
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So yesterday I was told by a neighbor that his garage was broken into, and it left me a bit anxious. I live in an apartment complex and the garages are seperate from the attached duplex-esque apartments. Unfortunately, my GCR layout is also in a garage. I pulled all my metal cars just in case...
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πŸ‘€︎ u/Wny_Wolf
πŸ“…︎ Sep 17 2021
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Duplex penthouse with some items from the new pack! There are two apartments and a communal outdoor and rooftop area! reddit.com/gallery/pcslov
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πŸ‘€︎ u/amateurbitch
πŸ“…︎ Aug 27 2021
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I live in a rented duplex apartment in NYC and the intercom/buzzer to buzz people is only on the top floor. Are there any budget fiendly ideas on how I can have an intercom on the lower level as well?

I'm also open to exploring an app but hoping we don't have to spend over $100

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πŸ‘€︎ u/WittyChitty
πŸ“…︎ Oct 12 2021
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Moving from a duplex with a line and a yard to a second floor apartment. Could use some tips on how to help her ease into the new place.

So many things are going to change for my dog and I’m so nervous that she won’t do well. I currently live in a duplex with no one living on the other side and I am moving to a second-floor apartment. A couple of things I’m nervous about:

Leash aggression - so many dogs there. My dog is so great at the park but on a leash, she is sassy and strong. It can be embarrassing at times since I don’t know how to manage her when she’s freaking out.

Howling - I have been told by my old neighbor that my dog tends to howl shortly after I leave for about 20 minutes. I don’t think she does this anymore.. I have gotten into the habit of giving her treats before I leave so she looks forward to me leaving. I think this has helped but I’m afraid this will start up again.

General anxiety - how can I help calm her and get her comfortable in her new environment? Is CBD helpful? Any brand recommendations?

Walks - I currently have a line in my yard to let her out and take her for a walk or two a day. A walk or two is going to turn into at least 5-6. This would be easy if putting a leash on her was easy to do - it’s not! Her excitement is almost out of control and I can’t have her waking the neighbors at 4:30am when I wake up.

Any tips on moving to a new environment would be great. I just want her to be okay. Thank you!

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πŸ‘€︎ u/doghelp857882
πŸ“…︎ Oct 13 2021
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Own router setup in duplex apartment

Hey all,

I am moving into a new 2 bedroom duplex with a roommate and will be using Fios. I’m particularly concerned about signal strength upstairs and my job strongly prefers a wired connection. I have a setup in mind but wanted to run it by you all and see if it makes any sense.

Downstairs has a living room and my roommates br. Upstairs is my br. Each of the three rooms has two coaxial ports in the wall. I assume the ONT will get it’s signal via one of these coaxial ports (I don’t see where else it could get it from) in the living room but maybe I’m just being dumb.

My plan is to connect a router (NETGEAR Nighthawk Smart Wi-Fi Router (R7000)) to the ONT via Ethernet. Then I can connect a MOCA adaptor to a coaxial upstairs and connect another router up there, giving me both wired access and better wireless signal.

Thoughts?

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πŸ‘€︎ u/mranonymous426
πŸ“…︎ Sep 01 2021
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Steve Mnuchin's duplex apartment at 740 Park Avenue, NYC
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πŸ‘€︎ u/widmerpool_nz
πŸ“…︎ Oct 06 2021
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Duplex Investing - Renting out one unit and lives in the other vs. Renting out both units and lives in an apartment

Planning on purchasing a duplex as my first real estate property. My goal is to generate cash flow and build equity.

I am looking at duplexes around $250K, and hoping to collect $1,250 in monthly rent, per unit. I have enough saved up for 20% down payment.

I'm debating between the two different options, since I do not mind the apartment I'm currently living in :

  • Option 1: Renting out 1 unit and moves in to the other unit.
  • Option 2: Renting out both units and stays in my current apartment ($850 per month)

I'm not sure on which one is the best option in the long run. For option 1, would pay a lower down payment of 20% and a cheaper interest rate. Where in option 2, I would have to pay 25% in down payment and slight higher interest rate. Since the duplex would be considered an investment property not primary residency if both units are rented out.

However, the second option would allows me to collect $2,500 in rent each month, from the two units. I would only have to pay $950 for the apartment, which would gives me $1,650 of positive cash flow. Where if I move in to the duplex, I could only collect $400 ($1,250-$850) per month.

Since I am flexible on where to live, should I go with Option 2 to maximize my profit? This there anything I didn't account for? Any tips and/or advises would be appreciated!

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πŸ‘€︎ u/On-L00ker
πŸ“…︎ Mar 24 2021
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In a duplex apartment with three parking spots and a total of five cars between all tenants. Landlord confirmed all spots are first come first serve.
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πŸ‘€︎ u/Rob_Lockster
πŸ“…︎ Nov 09 2020
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ISO: Small apartment, duplex, single home. South side, fan, Dumbarton, Lakeside. Private landlord or small property management. No more than $950 ~

Title says it all. We are looking to move out of Scott’s Addition, and we are looking for pretty much anything that isn’t one of those awful large complexes. Something in the south side as far as maybe Chester. Dumbarton, Lakeside, Laurel, around staples mill area, even something in the fan. Single small homes, duplex, small building apartments. Looking to keep it less than 950, or maybe spend a little more if it’s a good place.

Thanks!

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πŸ‘€︎ u/-future-ghost-
πŸ“…︎ Sep 17 2021
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Finally moved from a one-bed apartment to a duplex with a garage. Landlord told us it could fit one car plus some storage, but we had other plans :)
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πŸ‘€︎ u/AcerRubrum
πŸ“…︎ May 13 2021
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Any 2 bedroom apartments or duplex?

Preferably under $1000. Seriously everything is being rented out too quick these out of Towner's are making it hard for us locals 😭 credit needs work but can probably find a cosigner if anything.

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πŸ‘€︎ u/AllSixes
πŸ“…︎ Jul 23 2021
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Duplex Apartment in Korolev, Russia by Pogodin Rogov Group reddit.com/gallery/o354n6
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πŸ“…︎ Jun 19 2021
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Modern Duplex Apartment | No CC | Origin ID: SimsEvelyn_0226
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πŸ‘€︎ u/SimEvelyn
πŸ“…︎ Jul 17 2021
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There should be an option where people who live in apartments/hotels/motels/duplex should be forced to add an number of their room or the order won’t go through. reddit.com/gallery/n820nj
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πŸ‘€︎ u/MriPibb_Xtra
πŸ“…︎ May 09 2021
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Whole apartment available in Berkeley duplex! Pets okay, free laundry, water, and garbage.

Enjoy a bright, light-filled 1000 sq. feet of comfortable, spacious living in a South Berkley flat. You’ll have the entire ground floor in a duplex, including access to the yard, garden, and charcoal BBQ. Recently remodeled, the flat is approximately 1000 square feet, including a huge bedroom with a queen bed and walk-in closet, bathroom with clawfoot tub and shower, kitchen with new appliances, dedicated laundry room, dining/work room, and living room with new 50” smart TV.

Unit is available furnished (as shown) or unfurnished.

New bottom-up window shades give privacy and sunshine in the living room and dining/family area. In the living room is a new 50”smart TV. Doors close on the living room to make an impromptu guest bedroom. The bedroom boasts a new queen-size bed with a comfy reading chair and a walk-in closet that is large enough to hold a crib or toddler bed. The dining room features a functional workspace with a desk, but there is also a small office which is perfect for a computer and concentration. Natural light comes in from a window and it is quiet. The home has central heating with vents in the living room and bedroom to ensure circulation of warm air throughout.

This home is pet friendly! We welcome your cat or dog, although we must note that the yard is not fully enclosed so a dog cannot be let loose in the yard. There is also a charcoal grill and outdoor seating shared with the upstairs owner of the house.

The location puts you 3 easy blocks from the Ashby BART station, which will take you to UC Berkeley, San Francisco, and all over the Bay Area. There is ample street parking, but with a walk score of 91, this quiet neighborhood has many close amenities. At the end of the block is lovely Grove Park, with a baseball diamond, tennis courts, indoor and outdoor basketball courts, a large field where you’ll find dogs frolicking, and children and toddler playgrounds. Across the street from that you’ll find the Berkeley Public Library and Wat Mongkolratanaram, a local gem of a Thai temple that offers lavish lunches every Sunday.

Three blocks from the house is Berkeley Bowl, a world-class grocery store that offers many varieties of fresh California produce, baked goods, bulk food items, prepared hot and cold foods, and a meat department with butchers and fresh seafood. You will also find a large selection of California and international wines. Discover genuine local flavor.

~~Just one block from the grocery store (an

... keep reading on reddit ➑

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πŸ‘€︎ u/thespottedbunny
πŸ“…︎ Aug 06 2021
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In a duplex apartment with three parking spots and a total of five cars between all tenants. Landlord confirmed all spots are first come first serve.
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πŸ‘€︎ u/Rob_Lockster
πŸ“…︎ Nov 09 2020
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