All Forum Posts by: Thomas Marvelle

I have a home that I intend on on renting out when I transfer with the military. The home is in a VA loan. Do I need to change the loan type? Also, wondering if I should change the carpets and siding before putting renters in the house? Neither of them are dire replacements, just thinking it may be a good start for renting?

@Jaysen Medhurst okay thank you, I'll double check those and put it through the flip calc

I don't think I'm understanding how to put the info in correctly when it comes to the calculator, which is kinda why I was posting it here...

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*This link comes directly from our calculators, based on information input by the member who posted.

https://www.biggerpockets.com/analysis/rentals/3ef1784e-65d0-4c8a-acbb-ffd965509b31.pdf

https://www.biggerpockets.com/...

https://www.biggerpockets.com/...

This is a place I found.  I am trying to figure out what I am overlooking. Also, how would I go about talking to a private money lender and presenting this? I wonder if anyone thinks it needs remodeling right away? 

@Jaysen Medhurst but yes I should probably adjust cap ex.

@Jaysen Medhurst thank you the value of other homes in the area around this size is closer to $800,000 they are asking 575,000 for this one but it's been on the market for 130 days. As far as taxes I put in the numbers they offered. Sewer/water is probably something I should add. Cap ex was also given, so I just used their numbers.

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*This link comes directly from our calculators, based on information input by the member who posted.