All Forum Posts by: Joseph H.

The bank that meets you lending requirements. Honestly. There isn’t a catch all answer. A lot of recommendations on here are for your local small banks or credit union. Your question is pretty broad. Try looking in your state forums on here and see what others have had luck with. 

@Wes Delabar, 

@Andrew Postell wrote a great article about multiple avenues of re-financing.   try this link. 

https://www.biggerpockets.com/...

@Wayne Brooks I was told by another investor the LLC is revoked if you don't show any profits for 5 years. This keeps people from using an LLC to hide or pay money to the IRS by continuously losing a profit. That is what I was told and don't have any experience or legal capacity to back it up. @Ducote Kiernan as far as taking less money for taxes, you could lower your rent and take less profit which would help solve some of your tax problem.  

@Brandon Turner has a great webinar on 7 figure wealth in 7-years. You are on track it sounds like so far. 

Most banks loan anywhere from 70-80% LTV that I have encountered.

If you refinance to a different lender or the same lender you will have to pay closing costs which range from $1,000 and up. 

Most banks like 20-25% as a down payment but you can find some lenders that vary with those numbers. Call around. 

it won’t let me post the link, but YouTube building an amortization calendar. It is easy. 

YouTube Amortization calendar. You can build your own on excel and play with the numbers. This is what I used to learn. 

This isn’t the exact product you are going for, but this would work as an alternative. That is a pretty small space. 

Your friend has shared a link to a Home Depot product they think you would be interested in seeing.

Parigi Vitreous China Pedestal Combo Bathroom Sink in White with Overflow Drain

https://www.homedepot.com/p/10...

@Andrew Postell Has a great post on this. 

I am dealing with a 2:1 house on septic now. The few quotes I have been given aro around $5,000 for a replacement. I would call and get a worse case scenario so you don’t underestimate your expenses