I want to share details of a multifamily rental property I bought about a year ago using a VA loan assumption. Purchase price: $1.3M Down payment: $500k cash (funded by stock sale, taxes 100% offset by cost seg) Assumed VA loan balance: $800k at 2% interest Appraised/estimated current value: $1.6-1.8M My plan was to acquire using an assumable VA loan to lock in a 2% rate, do a cost segregation study to offset capital gains from the stock sale used for the down payment, and hold long term for cash flow + appreciation. Rented for $10,000/month currently (4 units). Current loan balance: $750k at 2%, no refi planned. Net cash flow after all expenses and debt service: ~$4,000/month. Has anyone else assumed a loan? It took a very long time to transact, like 3 months. What could I have done better? submitted by /u/External_Koala971 [link] [comments]