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Updated over 6 years ago on . Most recent reply

User Stats

26
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2
Votes
Nicholas K.
2
Votes |
26
Posts

Please Help Analyze My First Deal!

Nicholas K.
Posted

View report

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

This is my first rental property.  I purchased it under a VA loan with no money down.  I had to pay the VA processing fee of around $5K.  I lived in the property for two years and ended up remodeling the bathrooms doing about $15K in renovations in supplies only. I did the renovations my self after receiving a $30K non-itemized estimate from a contractor.  I saved up $10K in working funds in case of repair/vacancy and I have had the house for two years now as a rental.  

Please don't hold back on the advice, I am willing to learn. Thank You! 

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