All Forum Posts by: Jack Halldin

I own 2 condos in Bonita, not waterfront, 5 miles or so from beach on old 41 and Bonita beach road. I looked at some of the waterfront places, they seemed overpriced a bit when I looked and the fees for management are steep. Like a lot of places Bonita has popped in price last few years. In 2014 there were a ton of places below $100k now none. I know a lot of people hate condos but I prefer them. I am now remote owner but lived there for 3 years, I think a winner long term given demographics and proximity to water. Good luck on search and let me know if you have any questions. I am actually on my way there later this week.

The market is driving rates higher, not the fed which only controls short term money rates. Certainly a large percentage move since election in the long end of the curve and lowest rates might be gone but a lot is market psychology and expectations of higher inflation which might or might not occur. If higher inflation does come that isn't bad news for REI.

Sorry hit post early, bought and sold 5 properties all in less time than my cash out re-fi which is now going on 11 weeks. Every time I say do you have everything you need, yes yes, then another doc or verification form. Very frustrating. My lesson is I'm never going to sit back in process again and give people a chance to do their job, im going to be the squeaky wheel going forward.

I hear you, I have bought and sold properties in last 2 years and none took as long as

I get 300k on property and $2m umbrella. I never put my own house in LLC and my liability is no more or less there, but I'm no lawyer.

Been a landlord for a while, 3 year perfect tenants are not easy to come by, just me but I wouldn't press anything on the late fee if future rent payments are on time.

Meant .25%

Rates have definitely ticked up since election, .625% seems like a bit on high side for increases, I've seen .25% or .375% increases in daily rates available. Not sure about your locale.

Thank you for responding, I will definitely review publication. Been trying to self educate and reading Every landlords tax deduction guide which has great reviews and is a NOLO publication and I was a bit taken aback as it gave an example just like what I am about to do. I had not read anything like that in all the BRRR articles, which didn't make sense. Thanks again

Hi All I own two properties in Bonita Springs, Florida. Both were priced a little below market and I paid cash for one and put 40% down on the other, I did some upgrading and have had great tenants from the get go. All good! I confess I did a lot of market study and looked at tons of places but no education in terms of maximizing my cash flow or tax deductions. Just had money and wanted to put it to work. Now I am reading everything I can get my hands on and am looking to cash/out refi my equity from both properties to make additional purchases. In all my reading about various strategies I have not seen it called out that interest on these refi's or cash outs is not deductible. It just seems weird like I am missing something. So if I paid cash of $150,000 and now I want to take $100,000 out of the property the interest on that loan isn't deductible, but if I had put down $50,000 and borrowed $100,000 it would be? Not looking for tax advice I have a note into my accountant and will eventually hear back, just curious if I am missing something or if I just learned an expensive lesson in real estate investing. Thanks and I am loving bigger pockets! Jack