All Forum Posts by: Ashlee Chou

Have a rental property for either short term Airbnb or long term rental. Sfh, 3b1.5b. Property manager suggest to add an office space by dividing a living room. To do so, add a floor to ceiling kinda door. The original room goes to garage and backyard. After dividing. The office with go to backyard. But can go to garage from office kinda. Cost 3000. Is it worth Doing so?

Comparing

1) 2.6% 30yr fixed interest rate 

2) 2.1% 7yr arm (the term will expire in 6yr) cashout refinanced and use the cash for other investments.

Which is better? Sort of feeling like #2) will significantly increase debt and other investments is unknown and some tax liability.

If 2) is already done, any ideas after 6yrs and the rate become float?

 I see. Just wondering when splitting the asset, does it mean getting half of the equity to each person ? And the equity = current estimated value - unpaid principal?

So in some cases when one person wants to have the property, he/she needs to give half of the equity to the other and continue to pay the mortgage, or sell the house and split the equity in cash to each other?

Dealing with something during separation and divorce, and want to see which option is best for myself. have 2 investment. They are self-sustained with rental income. All have mortgages. Want to get some advice on the investment ones. Here are the options I’m thinking of, which one is best for myself? Any factors to consider in this evaluation?

1) take ownership and keep paying mortgage. 2) continue splitting the debt and paying mortgage together while holding the property. 3) sell the property, but right now is not the good timing. 4) giving up the title, take the equity that’s mine.