All Forum Posts by: Rachel Perl

 It's definitely an option on the table.

 I sent you a dm.

Hi,

I'm hoping to get some advice. We renovated a house in St. Petersburg, FL and it's sitting on the market for over 80 days with no offers yet. It's in a fantastic neighborhood but the layout is choppy. (for example, sunken dining room and steps going down to the 2nd bathroom and laundry room)  After a ton of showings the feedback we're getting is that the layout is an issue. It has a mother-in-law suite which we thought would be a good selling point. The price was lowered multiple times but it didn't help. I'm not sure where to go from here. It doesn't make sense to start doing construction at this point after fixing it for almost a year. I would REALLY like to sell it but if we have no choice we will have to put it on the market for rent, I just wonder if we'll have the same problem. 

I would appreciate any tips. 

Thank you.

Rachel

I'm currently looking at properties in Champions Gate vs. The New Windsor Island Resort. I was wondering if anyone looked into the new place at all and what you think of it.

@Jason Hirko @Bill B.  I appreciate the responses and I'm more sure about making my decision now.

I hope someone can help me shed light on this since I'm not very experienced in this department and I need to figure this out asap.

I'm having a hard time making a decision on a Cash out Refi on a Rental Property that is in an LLC. I have 2 options. The loan amount will be around $577,000.

5/1 Arm 4.5%, interest only + 2 points (around $12,000)

30 year fixed rate 4.75%  no points

The payment for the fixed rate will around $1000 more per month than the 5/1 arm but it's also paying down the principal. With the fixed rate the cash flow is very low after all expenses but I don't care much about that. 

5/1 loan officer opinion - You will refi in 5 years and pull out more cash so not worth paying extra every month for principal

30 year fixed rate offer opinion - when the rates are low it's not worth doing the 5/1, rather lock in a rate and doesn't believe in paying so much in points.

I would appreciate any comments and advice from the more experienced.

Thank you!

Rachel

By doing the fixed rate I'm sort of just putting the money in savings (paying off principal) instead of having it on hand to invest further, if I need it at all.

Please add me to your list [email protected]. Thanks.

@Gary Harris Hi Gary, I'm a new investor looking for my first deal to fix n flip or hold as a rental in Northern New Jersey. Please let me know if you currently have any wholesale properties, how do I get in touch with more wholesalers? Thanks!

Thanks for the encouraging words @Abel Curiel I will try to network a bit more on bp since I just became a pro member it might be easier.

Thanks allot for the advice, Angel! Not sure why the @ is not working. I appreciate you taking the time to respond!