All Forum Posts by: Taylor Wong

I believe the requirements are dependent on the lender. I spoke with Veterans United and confirmed I am able to assume as a civilian and that I can use this property as an investment property.

Hey Drew! Thanks for the response. Can you explain why we don't worry about capex for a SFH? I thought I'd squirrel some money away in case of a big ticket item like water heater, roof, etc.

Hello everyone!

I'm interested in buying a SFH home in CO springs as a long term rental. I've run the numbers on a bunch of properties using the following numbers:

- vacancy 6%

- Property tax 0.44% of list price per year

- Insurance $250 / month

- Capex 5%

- Repairs/Maintenance 5%

- Property Management 10%

I've found a couple with a slight positive cash flow (no more than $50). Do these numbers look correct or are they too conservative?
Even with minimal cashflow this is roughly a 5% ROI from the loan pay down and any appreciation is icing on the cake. I'm specifically looking at assuming a VA loan as a civilian to take advantage of a lower rate to make these numbers work. A couple more questions for y'all:

- Anyone have experience with CO Springs real estate or assuming a VA loan as a civilian willing to share their experience?

- Does anyone have a real estate agent recommendation with experience in VA assumptions?