All Forum Posts by: Changqin X.

$500K property,

2 mortgage options:

Option 1: Rate 3.375% with 25% down payment.

Option 2: Rate 2.75 with 30% down payment.

Which one would you choose, and why?

I plan to buy more properties, what financial resource would be best to choose?

I have 3 options:

1. Use fund that is currently in stocks/bond.

2. Cash out refinance— I just did non cash out refinance on one rental property, mortgage rate was 3.0 which is not bad.

3. HELOC from the rental property since there is 50+% equity in it.

From investment perspective — Should I use my own money, cash out refinance, or HELOC, to buy more properties?

Do you have good handyman contact info to share, for Dallas?

I am out of state, need to form local team.

there is no “vote” function here.

Please comment as 1, 2 or 3, before your detailed answer if any.

1. I self manage my long distance property.

2. I hire property manager to manage the house for me by paying 6%-12%

3. Other ways other than #1 or #2.

Please make comment, and I will update here later with statistics results

One people comment once only.

Make comment only if you have long distance investment please.