All Forum Posts by: Amy Zhang

Buying it- I meant finding the property. We are putting it under LLC. Thanks for reply

 70/30 or 80/20 split are profit split correct? but how about how much capital LP or GP put in? Do GP put in 30% capital and LP put in 70% capital? 

I am planning to invest in a property with 2 other persons. I will bring 42% of capital. Person A will bring 42% of capital and Person B will bring 16% of capital. Person A will also do all labor work i.e buying and renovating the property. How should we split the profit? Should we estimate how much labor would cost and add that to person A's capital? And then split the profit based on % contribution? 

Any advice would be appreciated. 

 Right now, cash flow is about $400/month. If I refinance into 30 year mortgage with 3.6%, monthly cash flow will be about $2000/month. 

Hi I have a rental that I don't have much equity in it. Interest rate is high 4.7% 7/1 ARM. I would like to refinance the property to get interest rate around 3.5% 30 years fixed rate. I will have to put in approx $150K to bring down to have 25% equity. I would like to keep the rental for long term more than 7 years. Any advice if I should refinance?

I was iniitally thinking to wait for 5 more years since its 7/1 ARM and refinance at that time and I will have more equity. But interest rate are so low now that may be I should refinance now.

Hi All,

My friend has a rental property and she is thinking about refinancing but does not have enough equity in it. The interest rate on the mortgage is 4.75% , 7/1 ARM . She plans to hold it long term. Banks require at least 25% equity to refinance. She only has 15% equity. Would you recommend to bring more money to closing to reach 25% equity and refiance it for 30 years fixed rate at 3.625% interest rate? or would you wait for 7 years ARM to finish and refinance at that time so that she would have more equity and won't have to bring much cash to closing? Interest rates are low now so she is thinking if it would be smarter to refinance now. Any advice would be appreciated.

Can anyone recommend a good contractor or handyman in Queens NY? I am looking to install Rockwool safe and sound insulation in my basement ceilling. My basement tenants are complaining that first floor is making too much noice. First floor tenants say they were just walking and basement tenants complaint of noise. I am thinking of installing Rockwool. 

Appreciate for anyone's help

Any real estate agent In Delray Beach, Boca Raton area? I would like to buy a condo for myself and possibly renting it out in the future. 

 its 3 bedroom 1 bath, 900-1000 sqft. rent is $2200. tenant pay electricity. How are you screening tenants? My house is also close to J train 5 min walk. Nice to meet investor local.