All Forum Posts by: Tony Velez

@Michael Seeker thats why this site is awesome. Thank you for your thoughts. Thats great advise!

Wow! @David Thompson

Hi,

We bought a triplex last year for $198,000 with 25% down. We have an existing mortgage of $145,000. We put a new roof on. We re did the second floor when a tenant moved out. Put new bathroom on third floor. All floors are rented with great cash flow. 

My realtor ran the comps and we are now looking at house value of $300,000 

Here is the question. Here are my thoughts. Please let me know your thoughts. I thought I read somewhere its better to sell and take the appreciation cash now and 1031 exchange.  I see BP as my mentors and I value everyones opinion. 

1- we can refi and cash out our original down payment plus more if we want.  Get less cash flow each month but have money for another down payment on another property. 

2- we can sell and profit more than double our down payment. Possibly buy another house in cash. Then refi and cash out. 

3- we can sell and use the larger down payment on a possible multi family commercial building? With partners of course

3- Your thoughts and advise are much appreciated. I love hearing other investors school of thought 

Thank you

Tony V

Ok thanks guys. 

Hi,

I'm looking for recommendations on an investor friendly CPA in the New Haven area?

Thanks 

Tony V

Hi,

I'm looking for recommendations on a real estate investor friendly CPA. 

Thank you

Tony V

Is that including the monthly mortgage payment to the seller each month?

I have another question. Lets say we decide on 5% amortized for 30 years. With a baloon payment at 5 years. 

How do I calculate what the total due will be in year 5?

@Kathleen C. thanks for the tip. I'll check out Bill's videos today. 

Thank you!

@Account Closed I called and got a answering machine. I left a short message. Hopefully they call back