All Forum Posts by: Arthur Nogueira

Im looking for a CPA that is a STR investor himself that will be able to guide through my first STR partnership, and won't ask for the moon and stars, or my first born. I have a W2 job, married. My wife has a small business. CPA doesn't have to be local.
Thank you

1 Vote

Saint Petersburg, Florida

Quote from @John Morgan:

@Arthur Nogueira

I just did this. My cash flow was only $1200/month with my paid off rental. I did a cash out refi on it and bought 3 houses with the cash. Now my total cashflow is $3500/month and I picked up 3 houses basically for free, not costing me any money out of pocket. I actually had about 30k left over that I didn’t use. I’m a fan of using equity just sitting there doing anything for me.

That’s a great testimony and encouragement. Thank you for sharing it

0 Votes

Quote from @Steve Vaughan:

Quote from @Arthur Nogueira:

Let’s say I bought a house cash. I rehabbed the house and I’m the property is now rented. Can I do a cash out refinance? If so, how does happen? Thank you

Technically no since there's no loan to refi, but after 6 months you can get an equity loan.

'Cashout refi' will confuse your lender and cost you more. I like to self encumber so I have a chance to do a rate/term refi. Cheapest.

Thank you Steve

0 Votes

Quote from @Bill B.:

Yes. It’s even Called a cashout refinance, even though you aren’t refinancing, since it’s paid off. Some banks want you to wait 6 months, others have exceptions specifically allowing you to do it before 6 are months up. Ask your lender what their options are for you.

thank you gentlemen

0 Votes

Let’s say I bought a house cash. I rehabbed the house and I’m the property is now rented. Can I do a cash out refinance? If so, how does happen? Thank you

1 Vote

All Forum Posts by: Arthur Nogueira

Arthur Nogueira has started 2 posts and replied 5 times.

Post: ISO CPA STR investor for Tax & cost segregation

Post: Refinance a paid off house?

Post: Refinance a paid off house?

Post: Refinance a paid off house?

Post: Refinance a paid off house?