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How Can You Buy A New Primary Residence And Rent Out Your Existing Home With A VA loan? If you have lived in your home for at least 12 months or occupied it for less than 12 months but received orders to a new duty station, you can rent the property to a tenant. The tenant doesn't need to be employed by the military.

There are many types of rental properties that are specifically dealt with in Chapter 4 of the VA Lender's Handbook. Keep in mind that if the Veteran can support the mortgage payment without using rental income then landlord experience and cash reserves are not required.

Active service members who use a VA loan to purchase a home can also keep the property and use it as a rental, even if the property is a single-family home. Hiring a local professional property management company to take care of the tenants and the property may be a good choice for service members who are transferred.

You just have to prove that you used it as a primary residence for a set period of time. Most VA home loan agreements stipulate that you occupy the house for at least 12 months. At the end of that 12 months, you'll likely be able to rent the house to a tenant, even if they're not affiliated with the military.

If the landlord and tenant sign a pet addendum, the landlord allows pets in their unit as long as the tenant is fully responsible for the pet and any damages that it may cause during the tenancy.

I agree to keep my pet leashed, but not tethered, when it is outside my unit. I agree to pay immediately for any damage caused by my pet. I agree that if my pet appears to be in distress, is creating a disturbance, or an emergency occurs, property staff may enter my unit without notice.