Honestly seems like a little overkill on this decision - unless its strictly a rate-term refinance because rates have dropped, it usually just should come down to a side by side comparison of status quo vs. refinanced (+ how any cash-out capital is deployed)

Strictly from a private money lens: If you're open to a 2nd position private money loan against your STR's, it's possible.

I am out of state investor and this is my first in Cincinnati.Thanks Sandeep  Hi Sandeep,i know this thread is very old but wanted to follow up and see if you’re still investing in the area?

Sorry, I wasn't really following where you were going.

. :)  So with what you have raised and if you want to continue raising money you could follow the same path I did..

Then go home and bake your own and hope you do it right.You can go buy a cook book (like a course) and follow the instructions, which is great, but you might still need some pointers . . .

@Jon Fletcher There are basically two potential options. 1) Amend the tax return in the year of purchase and prove you used capital gains to purchase the property and 2) Sell the property to an OZF, follow the 20% related party rule and then the structure of the sale of the property to be able to reinvest the gains.

Aloha, In a market where the sale-to-list price is 97.9%, homes sold above list price is 18.7%, and homes with price drops is 51.4%, I’m exploring how to respectfully submit an offer with a 30% to 50% discount on the listing price.Beside from the following actions, are there any additional steps I can take to ensure my approach is considerate to both the seller and my agent?

Best Regards,Raju Hi Raju, I know this thread is really old but wanted to follow up and see if you ever went through with investing in this area.

However, all the sold comps are crossed out after following a three-tiered system to determine the ARV:T1: Stay within one-miles radius, sold for fewer than six-months.T2: Size of the properties are within 200 sqft., must share certain attributes (bedrooms, bathroom, etc.).T3: Compare property typeIn "The Book on Flipping Houses" by J Scott, it mentioned about adjusting the value of the comps to ensures that they resemble the subject property as closely as possible.