What is a multifamily home and why should Veterans buy one?
- Kris Wilson
- May 24, 2024
- 1 min read
In most cases, a multifamily home is a single building that houses two, three or four separate dwelling units for different families. A property with two, three or four units may also be called a duplex, triplex or fourplex.
The VA requires you to live in one of the units while renting out the others for rental income. Also known as “house hacking,” this strategy gives you the opportunity to build home equity and become a real estate investor. The extra income may offset some or even all of your monthly mortgage payments and even allow you to pocket extra cash to cover other housing-related expenses.
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