All Forum Posts by: Caleb Henry

Thanks for the reply! And yeah I was thinking engineered wood would be the nicest option that's still relatively budget friendly. But since it's not the nicest Condo I was still debating on doing LVP, specifically this 

https://www.lowes.com/pd/Shaw-Matrix-14-Piece-5-9-in-x-48-in-Resort-Teak-Luxury-Vinyl-Plank-Flooring/50043188

but still not sure.

As stated before, I currently living in a condo that I own but need to replace the carpets throughout the whole house before I turn it into a rental property. My wife and I are planning on getting a free installation from lowes because they have that deal but I wanted advice before we move forward. It's approximately 1150 sqft of flooring that will be replaced, we were thinking about switching the main hallway and living room to something else like engineered hard wood or vinyl or something but really arent sure what's best for renting or if we should just keep it all as carpet. And then the other question would be should we just get low grade carpet (I.E. like 1.25-2.00$) or mid grade? (3.00-5.00$) Thank you for any advice!

Like I stated I have purchased a house (condo) while in the military. I am getting out in 7 months and I'm not sure if I should sell or keep it for value. Any advice is appreciated. 

The numbers are as follows. I purchased the house for $185000 with $0 down due to it being a VA loan and all the closing costs were covered. However i just refinanced (before really looking into real estate at all) and got a loan for $183000 reducing the interest rate by 1.75% to 3.5%. Again 0 out of pocket because USAA (who I went through for the loan) covered all the expenses. Total cash flow comes out to negative $200 with the estimated rent off of zillow. That being said though the estimated value of the condo is around $210000 and is projected to keep rising. This was confirmed when I got it appraised for the refinance. At this point I'm just not sure if its worth it to keep it or not.

I attached an analysis I made using the calculator for rental properties.
https://www.biggerpockets.com/analysis/rentals/d7d51b77-7364-4c3c-ad6c-bd8008c56d70

Like I stated I have purchased a house (condo) while in the military. I am getting out in 7 months and I'm not sure if I should sell or keep it for value. Any advice is appreciated. 

The numbers are as follows. I purchased the house for $185000 with $0 down due to it being a VA loan and all the closing costs were covered. However i just refinanced (before really looking into real estate at all) and got a loan for $183000 reducing the interest rate by 1.75% to 3.5%. Again 0 out of pocket because USAA (who I went through for the loan) covered all the expenses. Total cash flow comes out to negative $200 with the estimated rent off of zillow. That being said though the estimated value of the condo is around $210000 and is projected to keep rising. This was confirmed when I got it appraised for the refinance. At this point I'm just not sure if its worth it to keep it or not.

I attached an analysis I made using the calculator for rental properties.
https://www.biggerpockets.com/analysis/rentals/d7d51b77-7364-4c3c-ad6c-bd8008c56d70