All Forum Posts by: Austin Takeda

https://www.biggerpockets.com/... 

Here is a more accurate description of what I think this will look like then.

@Kevin S. Thank you Kevin! Yes I am seeing I put in the wrong parameters. Thank you for the percents though I will change it to those. Inevitably I will be moving out close to the end of this year and found a manager at 8% monthly, 50% first month rent for new tenants. For now you are correct I will be managing it until I need to leave. It is a $0 down VA loan property. The BP rent data for the area says median rent in the zip code is $2,200 but I would be happy getting $2,000. It has a master with personal bath and then 3 rooms all sharing another. That is a squeeze in my opinion for renters that could be military in the area so still wondering if something like just $500 per room plus utilities sounds fair and competitive to the local area. Hence the $0 utilities but you are correct when I move in it will just be me.

View report

*This link comes directly from roughly calculating a home I am under contract on. 

I plan to live here and rent out the rooms using my VA loan as a first home purchase. However, I am having trouble deciding on rent to charge and responsibilities placed on tenants. Any comments are appreciated. "Feedback is a gift." 

Hello all,

I visited a house today in the Mobile, AL region. It is 4,016 sqft with a beautiful pool and backyard. Super safe neighbor hood and in prime location of stores, parks and schools. The sellers are desperate to get it off the market and I was thinking it might be an opportunity to get the leg work into a deal so I could wholesale sell it to someone else that could utilize its potential. Very curious about how to go about that and would love to hear anyone's feedback. Thank you!

Austin