All Forum Posts by: Remone R.

@Justin Canney check out BP podcast #240 

Jeremy you may also want to look into submetering which could be cost effective. They can attach the meter to a hot water tank or the main water supply and track each units usage. Here in Washington we have a company called

submeter solutions and I do believe they ship equipment all over the U.S. check them out

Yes. Yes. And yes. In my opinion of course. Depending upon the purchase price of the property you choose 3.5% may be financially doable for you. You can live in one unit and rent out the other unit/s

so I'm trying to understand the different types of refinancing and what would be best in my position. Here's the lowdown: I bought a 4 unit for 500k as owner occupied FHA 3.5% down and my current principal is 480k. As of now zillow has my property valued around 550k and with the given market I'll assume that it's in this range. Looking at comparable sales of like properties they have sold at or above the 600k range. My question is this...if let's say around early spring (12 months owning the property) its appraised at 600k and my mortgage balance is 477k which leaves 123k equity. If I'm looking to reinvest in another property using the equity how would the cash out refinance wk with these given numbers as owner occupied assuming 80% LTV? In other words how much would I be allowed to take out?

Secondly with these given numbers and my intentions to reinvest which method would work better; cash out, HELOC or LOC?

Lastly if I was only able to do a 80% LTV cash out could I also do a HELOC for %10 ltv to make a full %90? Would this be a wise move

so I'm trying to understand the different types of refinancing and what would be best in my position. Here's the lowdown: I bought a 4 unit for 500k as owner occupied FHA 3.5% down and my current principal is 480k. As of now zillow has my property valued around 550k and with the given market I'll assume that it's in this range. Looking at comparable sales of like properties they have sold at or above the 600k range. My question is this...if let's say around early spring (12 months owning the property) its appraised at 600k and my mortgage balance is 477k which leaves 123k equity. If I'm looking to reinvest in another property using the equity how would the cash out refinance wk with these given numbers as owner occupied assuming 80% LTV? In other words how much would I be allowed to take out?

Secondly with these given numbers and my intentions to reinvest which method would work better; cash out, HELOC or LOC?

Lastly if I was only able to do a 80% LTV cash out could I also do a HELOC for %10 ltv to make a full %90? Would this be a wise move

Ok @Cody L. that definitely makes sense. IF you don't mind me asking how did you gain your first 100 doors? I'm thirsty for any information

How do i build a god team to invest in properties? who should my team include? 

find a duplex, triplex or quadplex live in one unit using fha financing and let the tenants pay your mortgage 

Hey Edward in my newbie opinion get triplex or four plex. Most situations your tenants will the pay mortgage leaving you extra income every month. 

yes Dalton your I'm not trying to invest too much but I am planning on painting the property myself for a cleaner look and save a few thousand dollars!