All Forum Posts by: Belinda M.

@Nathan Grabau thank you! I am also thinking of doing mid term rentals as I am learning more about it. I wonder if this will be a better option than STR

@Brett Deas. Thank you! How about mid term rentals do they also fall under active income?

I consider myself still fairly new in REI. I currently have a 1 LTR but looking into

exploring short term rentals. I currently can't take advantage of the tax benefits with my LTR because of the AGI limit, will it be the same issue with STR?

If you can pls share pros and cons of STR vs LTR that will be very helpful.

Thanks in advance.

@Kenneth Garrett if one has reached the $150k income limit cap for losses what other ways to save on taxes. I only have 1 rental right now and can’t take advantage of tax benefits because of the income cap? Any tips. Thanks

Wow! That's a pretty good deal. I have about 58% LTV. Just wondering do you have the info of your lender? Thanks.

Just curious the quotes you were given, did it include points or they were 0 point?  Thanks.  

Thank you so much everyone for your inputs.  I was able to find a lender who offered me 3% with 0.625 points for cash out refinance.  

Interested to do a cash out refinance on my rental property. I currently have 3.875 fixed 30 year. I was wondering if I can get any rates lower. What’s the going rates to refinance investment property? The rental property is in California. Thanks in advance.

Thank you so much for your inputs. Greatly appreciate them.

I have a condo that was built in 1987. My current tenant is complaining that the circuit breaker trips when they use the Microwave and toaster at the same time in the kitchen.  I had an electrician check and the circuit is overloaded when they use the two appliances at the same time.  The recommendation from the electrician  is to update to have dedicated circuit for microwave and an extra circuit.  Also, since the circuit breaker panel can only handle so much and that too, he recommends to be updated.  This circuits and breaker panel updates will cost me around $5k-6k.   I would assume that when the condo was built in 1987, it was built up to code, could I leave the condo as it is and just recommend to the tenant to distribute the load of appliances in the kitchen.  Is that acceptable?   Thanks.