All Forum Posts by: Jeremy Torres

Looking for a Texas lender that can answer some questions or give opinions on doing a cash out refi on a rental property to help pay off personal debts. 

Hey Jeremy! 

I'm not physically in Texas, but I'm happy to answer any questions you have. The first steps would be to try and estimate the property's current value vs. what your payoff, determine what LTV you qualify for and see how much equity you have to work with. As for closing costs, you shouldn't have to pay anything out of pocket, the costs would be deducted from the cash you pull from the property. Feel free to connect.

 Hey jeremy, sometimes the best options may not be local I recommend asking some qualified investment focused brokers 

Hey Jeremy, 

What questions did you have?

 Just curious what kind of screening apartments.com offers. Do you get credit score, eviction and criminal background checks for that $25 fee the tenant pays?

@Jeremy Torres I was using apartments.com since it was called Cozy. That's not enough to do the bookkeeping. 

QuickBooks is not intuitive, and it'll take some time to set it up. If you have a mortgage, it'll get a bit tricky to enter the data (principal, interest, and escrow.) It is something that most of the CPAs/accountants use, so that's what I use.