All Forum Posts by: Anup Debideen

@Patti Robertson

Hi Patti, thank you for your guidance. I was trying to stay optimistic about it but you’re correct, the numbers don’t lie and being inexperienced it’ll cost me more in the long run in hard learned lessons than to be smart about it.

I think the best plan of action is to continue to reside in the house since I’ll be here anyways and maybe in a few years sell and be in positive equity.

@Kevin Sack

Thank you for your feedback. Your response of "one month vacancy is half of the annual income" really put it into perspective for me. As well as the scenarios that I'm forecasting and more have a negative outcome than the positive ones.

@Bertram Scroggins

Two years is the requirement of living in a VA financed property before you can officially rent it out.

Good evening everyone, I utilized my VA loan in early 2018 and I have a 1700sqft 3/2.5 in Chesapeake, VA. With the option of being able to transfer to a new duty station or stay in the area, I'm debating on how to proceed. Please let me know if I've done these numbers correctly utilizing the four square method to determine cash on cash return.

Rental comps: $1800-2k. Using $1850 for these examples.
Utilities (elect, gas, water, sewer, cable/int) will be covered by tenant.
I'll cover HOA.
No Vacancy or Capital Expenditures calculated (original loan doesn't afford it. refinanced loan allows it but should I transfer somewhere new I'd have to fund a PM).

Original Loan: $80 Cash Flow monthly / $960 annually. Zero out of pocket money. But I have a 960% return? (Doubtful).
Refinance: $295 Cash Flow monthly / $3,540 annually. A 17.7% Cash on Cash Return.

1) Based on experience how important is the vacancy/Cap Ex fund? I ask since this is a highly populated military area for rentals.

2) Anyone invest in Virginia where I've heard laws favor the tenant even if they've violated the agreement.

Ultimately, if possible I'd do the refinance option, manage the property myself, and utilize the remainder of my VA loan to buy another property for the additional three years I'll be in Virginia.

Any help and advice is greatly appreciated. Thanks!

@Aaron Klatt Thanks for the info. Per the rental income I was thinking of it towards like the AirBnB aspect of it and being able to deduct utilities per square footage that's occupied by tenant.

Hello everyone! I’m new to the BiggerPockets world and I’m sure this question may have been asked previously but each situation is different and looking for some guidance. Please let me know your thoughts!

History: Active Duty E6 stationed in Virginia and purchased my first home in VA utilizing my VA Loan in February 2018. I currently have a roommate and collecting some rental income (also looking for possible guidance on shielding it from taxes) and looking to rent out the other spare bedroom for more rental income.

Goal: Here we are 6 months later and looking to purchase my first investment property in home state of Florida. Looking to purchase a condo for the 100-150k price range and meet the 20% down payment to create cash flow.

Problem: Unsure if I’ll get approved for another loan since I’ve recently purchased a home. Listing this as a problem because I don’t want to be over eager and lower my credit score unnecessarily.

Problem: Being that it's a condo, I will be paying a HOA, but if I'm calculating correctly, there will be a decent positive cash flow.


Thought Process: The lovely prices of single family or multi-family homes are a little out of reach right now, which is why I’m looking into a condo that I can afford. And after a few years, build some equity and utilize the 1031k option to upgrade to the single or multi-family home. Thinking of it as in the way Robert K mentioned that life is a game of Monopoly. Buying properties and upgrading.

I've also gotten into watching Kris Krohn videos, and not speaking into the hype of large upfront costs of becoming part of his team or network, but in the HELOC method that he discusses. I'm a little skeptical due to placing my primary residence on any kind of chopping block. I'm looking for risk and reward, but I'm looking for smart risk.

Thanks for reading and would love to hear what you guys think!