All Forum Posts by: Juliette Holm

Hello, I am looking for help finding an Accountant in DFW that has helped investors in the past. Would love to hear who other local investors use. 

I have 2 properties that I am eventually looking to refinance and am trying to weigh when would be the most worth it time to do it. One which is a primary residence is at 7.25% and has had that rate for about 2 years and the other is a rental at 9% and has had that rate for about 1 year. Some people continue to advise to wait until rates drop but knowing the monthly savings I am unsure if it os worth just doing it now on wither property. 

I am a long term investor in the DFW area and have seen recently great incentives for new construction offering lower rates and incentives that make deals make sense with the current market. I will be buying a property purely as an investor so I am unsure of how many of these incentives will apply without owner occupancy. I was hoping to see if anyone has any advice in regards to new construction with builders and what incentives have applied for investors in the past. Some builders I am currently looking at are Brightland Homes, Meritage Homes and Lennar.

I am trying to balance my overall portfolio and would like some advice on how people would balance this if they were in my shoes to in order to reduce risk and increase overall gains.

I currently have 2 rental properties and 1 primary residence as well as cash and brokerage funds.

My main questions I’m looking for thoughts on are…

- What percentage would you keep in reserves? I am debating liquidating a portion of my brokerage to pay down these properties to reduce risk.

- Would you refi now or wait until rates drop? 

Rental 1 - Cash flow Breakeven - rate 3.875% - 20-25% equity (not looking to refi)

Rental 2 - Looses about a few hundred a month - rate 9% looking to refinance soon to 6.9% but debating on waiting until rates drop further - 5-8% equity

Primary - currently at 7.25% waiting to refi to 5.5-6% - about 5-10% Equity

My current net worth breakdown is approximately...

Real estate 39%

Cash reserves 7.5%

Brokerage 30%

Retirement 17.5%

Other 6%