All Forum Posts by: Thomas D.

I have 3 investment properties with existing mortgage notes.

1 at 4.375%- 17K unpaid principal-(Original 10 yr. note principle=    $48,000

1 at 5.75%-     66K unpaid principle (Original 30 yr. note principle=  $67,500

1 at  5.375%   63K unpaid principle  (Original 30 yr. note principle= $64,875

I would like to pay off loans in 5 to 7 years by adding extra cash to the principle on all loans. Would it make sense to refinance if I am looking to pay down debt in this period of time, considering all the refinance charges? It would seem to be best if I leave the 17K unpaid balance at 4.375% note, alone considering the rate and time left on that loan. Just looking for some advice on how to logistically handle this, or if it is even worth refinancing. When I approached my lender about possibly refinancing, I was told that the rates today would actually be higher. I thought that the rates might be lower with what is going on with the National pandemic. 

Thanks for any feedback

I am a property investor in Cleveland, Ohio,  and a  licensed Ohio electrical contractor. I am looking to do a cash-out refinance on several properties that I own in the Cleveland, Ohio area.  I am looking for advice on the best conventional lenders for non-owner occupied properties. I am currently with chase bank. Looking for a 10 year fixed rate conventional loan. I have exceptional credit. Thanks for any feedback.

Thanks Jeff. I appreciate the advice. That is what I will do then. Would you suggest that I contact my local real state club in the Cleveland, Ohio area and go from there?

Thanks Mike! I understand everything that you are saying. that being said, I would still like an opinion from members of a course that is legitimate and has good reviews. Thanks

Thanks Roy. I really appreciate your advice. I am currently setting up to attend the nearest Real estate investment club so that I can network from others and learn.

Hello to everyone. I am looking for advice on  purchasing a course on learning all phases of  structuring deals for apartment buildings and multi-family properties. There is a ton of info out there, which can be intimidating and confusing. I am looking for members advice on the best course to buy, I have multiple single family  rental properties in the Cleveland,Ohio area, and I am looking to get into the apt building area of investing. I was looking at Ray alcorns course for $599.00 But I need grounds up education, and a course that definatley reflects 2014/2015 market conditions. Thanks much for any advice. 

Hi everyone. I have multiple rental properties in an LLC in Ohio. Signed with farmers insurance i year ago. Increasing my rate by 15%. Just received an adverse action notice. too many inquiries on my credit report, not enough credit history, etc. I am amazed by this, being that my credit score average among all 3 bureaus is around 780. Which is considered excellent credit. Is it possible for an investor to get property coverage without that coverage reflecting off my personal credit report? thus increasing my rates? My agent stated that no matter where I go, my rates will go up and you will always need your personal credit attached with these properties. I have never filed a claim. Told my agent that this is not cost effective for my business. Am I stuck here? I recently applied for a business line of credit for future deals, this would explain the inquiries, which were supposed to be soft hits on my report, but ended up being hard inquiries. Is there any insurance company out there that anyone can recommend for property investors? Thanks for any advice.