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All Forum Posts by: Trevar James

Trevar James has started 1 posts and replied 3 times.

Thank you for the info. Yes it includes PITI and Taxes. Thats true the more i read through the comments the more I realize its too early in the movement to be so suck on the cash flow. More doors is the goal for now.

Thank you to all. It is all great advice. I am still thinking from a home owners perspective and not an investors. Just like when buying the deal I will let the refi numbers dictate if the Refi is worth it or not. Now if some how i can get tge landlord policy to be lower than the current homeowners policy im switching out of it would really be worth a refi. Any thoughts on getting low landlord insurance?

Hello community, I'm looking for a little advice. I just moved in tenants at my first rental prop. Its generating about $500 cashflow after mortgage, mat, and vacancy. I purchased the house as a foreclosure so after a few repairs I should have a really nice amount of equity. I was wanting to move foward with the Brrrr strat but I'm hesitant thinking if i refi to a bigger loan won't it kill the cashflow Im getting. Should I just stay with my current loan or am I looking at it wrong. 

Oh and the loan is a conventional with a local bank as a second home 3.35% interst rate if that info makes a difference. 


Thanks Beforehand for any advice.