VA Loan with with intentions to rent out property

[Darrin Martin]

Hi all,

I’m a beginner investor, but if you purchase a home that is move in ready with the intentions to renovate a 2bd/1 ba into a 3bd/2BA will this create forced appreciation resulting in added equity? Can you refinance or get an appraisal on home after renovation is complete to withdraw equity out of home? Please let me know your thoughts of the pros and cons that you can think of. We would live in the home for about a year or so then rent out afterwards. Thanks all