General Real Estate Investing
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated 19 days ago,
Novice investor running numbers
I own 1 rental outright, I paid 70k rents for 1000 monthy. I am in the process of refinancing for 100k to purchase a second property. I am using a dscr loan. what I cant understand, is why are my closing costs so high. above is the numbers on the refi. Below are the numbers on the second property I will purchase with the refinance.
The second property will need 25k in repairs, and rent for 1350-1450 monthly.
1. Does property 1 with refinance seem like a normal refi cost?
2. Does loan 2 below, seems like a good deal?
3. Are the closing costs on both of these two high?
I am currently enjoying my 1k monthly income with no debt, and I am nervous about leveraging.