All Forum Posts by: Patrick Chafe

@Jonathan Bombaci Thanks for the recommendation Jon, I’ll definitely look into him!

Thanks

-Pat

@Bill Hampton Hi Bill, i never really thought about using a long distance CPA, but i appreciate the advice! I’ll look into it!

Thanks

-Pat

Hi All,

Im looking to build/strengthen my real estate team. Does anyone have any good realtor recommendations for the essex county area in Massachusetts? Also, being tax season, i am looking for a good CPA, with real estate investor experience. Any info would be greatly appreciated.

Thanks!

-Pat

@Jaysen Medhurst i figured i was doing it wrong and there had to be a better way of calculating it. I’ll take a look at ROE, thanks for the help!

Hi All,

I am new to real estate investing and have a question on calculating total cash investment after a cash out refinance. I bought a house(as a primary residence) a few years ago and renovated it and eventually did a cash out refinance to pay off my school loans and then had some left over. My initial cash investment was about $27,500, and my cash out refinance was about $15,000 more than that. Now i am ready for my next property but want to keep this one as a rental, however i am having trouble determining total cash investment(to then calculate cash on cash return on investment), if technically ive been paid back that initial investment (and even had more than total cash investment).

Do i still have to include the initial $27,500 total cash investment or is it $0 sense i’ve technically been paid back? And if it is $0 how do i calculate CoCROI to determine if it is worth keeping as a rental, because Total Annual Cash Flow / Total Cash Investment wont work.

Thanks for the help!

-Pat