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Have been doing similar this week, using a cheap usb capture device.
Use virtual dub to capture the video to avi and then ending up with an mp4.
VHS video is pretty low resolution to nothing too fancy is needed to capture the signal.
I used one of the below in conjunction with a scart converter.
https://www.amazon.co.uk/Indigo-Banana-RCA-SCART-Adapter/dp/B0035XB4Z4
https://www.amazon.co.uk/slp/vhs-to-digital-converter/vdhahbywcep4vsw
Has anyone converted a VHS to digital format?
Wanted to do this as a present, but initial costs of paying someone are more than I thought.*
Wondering if I can buy a 2nd hand DVD / VHS combo recorder and rip that way?
Cheers.
*the main problem is a large number of short films when there is a price per VHS.