All Forum Posts by: Brennan Utt

Thanks for the comments!

You all make great points. I will keep reading as they come in and take them into consideration.

It is nice to remove yourself when working with tenants. For upgrades, maintenance etc. Potential lawsuits. They discuss this on the podcast. Such "Let me get back to you after I speak with the owner"

Hired a broker agent to find tenant and do the lease on a rental property. We agreed I will manage tenants after that. I will and have used and alias when contacting the tenants. Broker just found tenant and are moving in Aug 1st. He sent me lease to sign and put my real name on behalf of "my LLC" The issue I have is the broker who is doing the lease put my real name and address on behalf of my LLC. I told him to put my alias. He said he doesn't want to do that since he is not a real person and risk losing his license. I have business partner and a registered agent can I just use one of them? Don't want to make a big deal of it. But want to protect.myself.

i will be contacting future ten9 moving forward using alias just to remove myself a bit but don't want my real information on lease. Thoughts? 

Hi, 

I curreny have 10 rental properties and none of these loans are currently over $70,000 remaining. A few of these loans that are at 5.1 at 5.3% interest rates. As you know with today's low rates , I have the opportunity to take some equity out of my primary and do a cash-out refinance. I can then use this cash (120kish) to pay off some of the rental properties with the higher interest rates and get interest rate with the refinance at around 2.8  percent , if I do a 15-year. I  know some of the tax write-offs on mortgages help when it comes to tax time ( I use them, although I don't fully understand all the write offs) 

I did a Cash out refinance in 2016 on a 20-year loan  of 160 k  with a 3.99 rate and have 143 k and 16yrs left. What I was planning on doing is refinancing that loan to a 15-year possibly and taking out an additional $120,000 to pay off a few of the 60 to 70 k loans with a 5.1 to 5.3 rate rental properties. Wondering if it would be better to hold on to the 5.1 and 5.3 interst rate loans for another 28 years for a mortgage tax write-off purposes vs doing 15 year loan at a low rate. I'm not sure if the right offs on my big Cash out refinance will be as beneficial as my smaller 30-year loans.

Thank you for the responses. 

I just purchased the house yesterday.I plan on redoing most of the house as we will be living in it for a couple years and I feel like I can get my return on my investment. I will be redoing the bathrooms kitchen and flooring. I would like to get most of the construction done before I move in .I don't like the look of it now and am just trying to decide if it's going to be worth spending the $ to have that walk in shower look with New tile. 

Thanks 

Hello-

I just bought this house and want to redo the bathroom. But there is a window when I want to bring th shower over . I was wanting about removing the bathtub since I never take baths and there is one in the hall bathroom. I could put cabinets below the window.. 

 I want to make the shower bigger but am concerned about water and a window.