All Forum Posts by: Mark Sheppard

@Nick Belsky thanks for the great response.

Yes, it is 6 units on one parcel. I will wait for the 6 months seasonings period before pulling the trigger on a cash out refi or other option to grab some cash from the property and use it on my next project.

Which will definitely be something like this or bigger.

@Jack Miller I was under the impression that commercial loan appraisals cost more than residential appraisals.

@Jack Miller any idea on the average cost?

I have 6 houses in Fredericksburg, TX that we built from the ground up using a construction loan, that just recently rolled over into a 25 year at 4.5% principal and interest until the maturity date of April, 2027 where it will be a balloon payment.

Due to the rising interest rates, I wanted to see when is the soonest I could re-fi out of the current loan with a cash option to lock in a 25-30 year rate and pull out some cash that was used for the build. Also, wanted to know what an appraisal fee might be for a commercial loan that has 6 STR's on the propery.

I am trying to see if it is possible for to use HELOC on one of my investment properties.

Any advise or best practices would be greatly appreciated.

Looking to purchase another investment properly and need advise on finding a lender that will let me use one of my investment properties to HELOC.

Looking for advice, options or ways others have used HELIC with an investment property vs their primary residence.

@Brian Eastman thanks for the the response.

My wife and I both have 401ks set up with our w-9 jobs and have another account with a group called TIAA, that we manage ourselves.

I wonder if we could move funds from our w-9 401ks into our TIAA accounts. I’ll try asking them and see what they say.

Once moved over we would like to do some additional passive investing with our self directed accounts.

Sounds like I need to do some more research.

Can someone help or advise me on how to transfer our work 401Ks into self directed accounts that we can use to buy more real estate?

I am trying to figure out a few different options when it comes to buying out my partner when the time is right.

We are currently 50/50 in the deal financially, minus his land cost that we built the property on together, and took out a construction loan to build 6 houses, a pavilion on river front property in the Texas Hill Country. The property will go live in a couple of months.

My partner would like to roll the cost of his land, that we agreed to the cost of prior to building, into the new loan when we refi out of the construction loan.

My first question is, what is the best way to add the cost of the land into the loan so he can get his portion back when we refi out of the construction loan?

Also, looking to hear some ideas on the best ways to leverage the property to buy out my partner. The only way believe I can buy him out is to get an appraisal of the property and take out the equity needed to buy him out of his share.

Land Value $150,000

Construction Loan $550,000

Please let me know your thoughts.

Mark

I am trying to figure out a few different options when it comes to buying out my partner when the time is right.

We are currently 50/50 in the deal financially, minus his land cost that we built the property on together, and took out a construction loan to build 6 houses, a pavilion on river front property in the Texas Hill Country. The property will go live in a couple of months.

My partner would like to roll the cost of his land, that we agreed to the cost of prior to building, into the new loan when we refi out of the construction loan.

My first question is, what is the best way to add the cost of the land into the loan so he can get his portion back when we refi out of the construction loan?

Also, looking to hear some ideas on the best ways to leverage the property to buy out my partner. The only way believe I can buy him out is to get an appraisal of the property and take out the equity needed to buy him out of his share.

Land Value $150,000

Construction Loan $550,000

Please let me know your thoughts.

Mark