All Forum Posts by: Daniel Garcia
Daniel Garcia has started 9 posts and replied 29 times.
Post: Cost Analysis on a Cash Out Refi

- San Diego, CA
- Posts 29
- Votes 4
Oh, and I haven't taken into consideration the write off of the additional interest on the cash out refi.
Post: Cost Analysis on a Cash Out Refi

- San Diego, CA
- Posts 29
- Votes 4
Hi team, first off thanks in advance for all the thoughts and considerations.
I currently own a SFH near Bend, OR. I've been pre-approved for a cash-out refi at 5.5%, 30 year fixed and will bump my mortgage payment up from $657 to $1050. I'll still cash flow in the SFH with the bumped up mortgage.
My current terms are 4.85% I'll be able to pull out $80,000 cash, which I'm hoping to couple with $19,000 of savings to purchase a duplex in the same market. I feel pretty confident doing an analysis of the duplex and project expenses, which cash flows nicely at $535 a month and a cap rate of 6.3% in year 1, assuming steep cost estimates and market rents. THIS ANALYSIS doesn't not take into consideration the fact that the down payment is costing me 5.5% plus closing costs.
Here's the question: How do I cost the cash-out refi into my analysis for the new duplex? Would any one look at my spreadsheet? I'm keeping the SFH and the duplex in separate analysis, but curious how other investors analyze properties when they rely on each other for purposes of financing? I hope this all makes sense. Thank you again!
Post: Contractor Recommendations for Bend/La Pine Area

- San Diego, CA
- Posts 29
- Votes 4
Thank you @Grayson Graham
Post: Landlord Firing - 10 business days and hasn't responded...

- San Diego, CA
- Posts 29
- Votes 4
Thank you @Brie Schmidt, for the pointer!
@Joe Splitrock, it wasn't anything fancy, that's for sure!
I've since got calls back from the PM on 30 day notice, so we should be good from here. Thanks everyone!
Post: Landlord Firing - 10 business days and hasn't responded...

- San Diego, CA
- Posts 29
- Votes 4
You all work magic! They just called!!!
Post: Landlord Firing - 10 business days and hasn't responded...

- San Diego, CA
- Posts 29
- Votes 4
Tried the blocked number and the different phone numbers with different area codes approach, all great tips. I think the final step is just being patient and waiting for new PM to handle it from here. I really don't understand why avoiding the issue solves anything. Plus, when I delivered the 30 day notice in person I also delivered a bottle of wine to smooth over any hard feelings.
Thank you everyone for the feedback!
Post: Landlord Firing - 10 business days and hasn't responded...

- San Diego, CA
- Posts 29
- Votes 4
@Andrew Kerr I actually did the firing in person last week when I was in town. (I'm in So Cal and they are in OR) but I only got to speak with the assistant since the PM wasn't in the office. And I've left multiple voicemails, but no-one ever picks up the phone!
I've begun the process of hiring a new PM so once we're under contract I'll have her stop by to pick up paper work and keys as you mentioned, but still wondering if there are any blind spots??
Post: Landlord Firing - 10 business days and hasn't responded...

- San Diego, CA
- Posts 29
- Votes 4
Hey Team,
Been asking to talk on the phone with my PM for over 10 business days now, and now one is getting back to me.
I sent a 30 day notice via email and in person to end services but can't get anyone on the phone to discuss the transition from current PM to new PM.
First time replacing a PM so I'd love some thoughts and considerations!
Thank you!!
Post: Landlord Firing - 10 business days and hasn't responded...

- San Diego, CA
- Posts 29
- Votes 4
Hey Team,
Been asking to talk on the phone with my PM for over 10 business days now, and now one is getting back to me.
I sent a 30 day notice via email and in person to end services but can't get anyone on the phone to discuss the transition from current PM to new PM.
First time replacing a PM so I'd love some thoughts and considerations!
Thank you!!
Post: New Member, live in Santa Cruz, CA, looking to invest in Bend, OR

- San Diego, CA
- Posts 29
- Votes 4
Hey @Erik Perotti, I just flew up to Bend from SD to check on my rental in La Pine and interview new Property managers.
After interviewing two, just yesterday and today I have a recommendation, just shoot me a message. Happy house hunting!