The VA Loan Trap No One Warns You About

Hosted by: David Pere

Episode Type: Real Estate, Financial Education

Length: ~25 minutes

Watch on YouTube: The VA Loan Trap No One Warns You About

🚨 What This Episode Covers:

The VA loan is one of the most powerful financial tools available to military members—but most service members are using it wrong. In this tactical breakdown, David Pere exposes common myths, lender lies, and critical mistakes that cost veterans hundreds of thousands.

If you’re planning to buy a home with your VA loan (or already have), this episode is non-negotiable listening.

💣 Key Highlights:

🔍 How the VA Loan Actually Works

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  Uncle Sam guarantees 25% of your loan, allowing zero down, no PMI, and better interest rates.

  
  


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  It’s not “free money”—but it’s a serious wealth-building lever.

  
  

🏠 House Hacking with the VA Loan

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  Buy a multi-family property or large single-family and rent out rooms or units.

  
  


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  Save 33% or more of your income and watch your net worth grow.

  
  


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  Yes, you can use your VA loan more than once—entitlement math matters.

  
  

⚠️ The Biggest Mistakes to Avoid

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  Buying a max-priced single-family home without considering its investment potential

  
  


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  Assuming your lender knows the VA rules (many don’t)

  
  


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  Ignoring the long-term strategy of making your house cash-flow when you PCS

  
  

📈 Real-World Case Studies

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  A Marine officer earns $1,500/month in rental income from a $781K house near Camp Pendleton

  
  


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  A War Room member turned a basement into a $2,500/mo Airbnb in Colorado Springs

  
  


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  Even renters can house hack—with landlord permission to sublet

  
  

🔑 Eligibility Tips

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  Active duty = eligible after 90 days

  
  


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  Reserves = 6 years OR 90 days Title 10

  
  


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  Spouses of fallen service members may also qualify

  
  

🧠 Bonus Insights:

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  Funding fee is waived if you have 10%+ disability or a Purple Heart

  
  


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  VA loan is reusable, even across multiple properties

  
  


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  VA appraisal process is easier to contest than conventional loans

  
  


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  You can often get cash back at closing with the right agent and lender

  
  


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  The VA IRRRL (a.k.a. VA Streamline Refi) allows for easy refinancing when rates drop

  
  

❌ Common Myths DEBUNKED:

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  "You can only use the VA loan once" → False

  
  


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  "VA loans are slow and clunky" → Only with the wrong lender

  
  


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  "You need perfect credit" → Nope. Some approvals go as low as 520 scores

  
  


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  "The funding fee is a ripoff" → Actually cheaper than PMI—and often waived

  
  


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  "Zero down = zero out-of-pocket" → You still need to budget 1–3% for closing costs (which can be covered)

  
  

📘 Resources Mentioned:

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  Download the Free Book: The No B.S. Guide to Military Life

  
  


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  Recommended Agents & Lenders: https://www.frommilitarytomillionaire.com/va-realtor 

  
  

💬 Connect & Take Action:

Join the Facebook Group: Military Millionaire Community

Subscribe on YouTube: From Military to Millionair