All Forum Posts by: Adam Williams

 It's appreciated about 30% since we bought it. But unfortunately, we haven't lived there since 2012. So the cap gains tax has in part held me back from selling it. I've done a 1031 exchange, but I'm considering that.

 Thank you! If I sold it, I'm guessing that a 1031 exchange is the way to go. Would you agree, and if so, are there any resources that you recommend to learn more about those?

We have just one rental unit (used to be our primary home), and I'm in a situation where I need to refinance. It's a 5/1 ARM and due to the increasing interest rates and two HOA hikes in just the last year, I'm now losing $190/mo. I have just shy of 23 years left on the loan.

I'm looking at four options and would really appreciate some advice.

#1) Refi with a 25yr loan and still be losing about $27/mo (which I can afford to do)

#2) Refi with a 30yr loan and get about $55/mo

#3) Do a cash out 30yr refi since the property has appreciated nicely and I have some pretty good equity in it. But, I'd take the cash to go buy a second rental property. BUT, I'd then be losing around $160/mo on the place.

#4) Just sell the place

What are your thoughts? Is there something else I should be considering? Again, I really appreciate the advice.

I have a property with decent equity. I'm wondering if I should use a HELOC or do a cash out refi to access the equity and buy another place. What are the pros and cons and what have you done yourself? Thanks!

 Thank you!

Thank you @Grant Rothenburger and @Megan Phillips. Super helpful!

This is a total n00b question. I have a single rental property that I'm considering refinancing. If the property appraises higher than the current county assessment (which it will) and I get the refinance, will that affect my property taxes? Meaning, will the county use the new higher appraisal or stick with their current appraisal?

 Thank you Ed! That's where I have been leaning but wanted some validation. Are there any particular insurance brokers that you recommend?

We converted our previous home into a rental property a few years ago. I'm refinancing the home and am wondering if I should setup an LLC and put the loan and everything into the LLC versus just having it all in my name. We also want to buy our second (and possibly more) rental property this year. So I'm looking for recommendations from experienced investors on what I should do. Thank you!