New cash out refinance loan ($60,000 + wrap closing costs in loan) at 5% interest for 30 year fixed with no outstanding mortgage balance.

However, the recent property appreciation has been outstanding.   

What makes this spot special is 4 lane highway 1/4 mile away, hard surface road, perfect walk out building site, 100 year old oak trees, pond, stream, back yard abuts our creek and pasture where no one will ever build, 13 year old oak and evergreen trees around the property, boulder landscaping, 1 mile from the town and events, 5G internet coming this fall.Counter offer:1.

@Michelle VerdugoIt sounds like you got it.A refinance it taking an existing mortgage and "replacing" it with another mortgage for the same principal amount, the amount that is outstanding/owed. 

New cash out refinance loan ($60,000 + wrap closing costs in loan) at 5% interest for 30 year fixed with no outstanding mortgage balance.

Hey BP,I was wondering if anyone can help answer my question, I was driving to the beach the other day when I noticed these buildings on the intersection of Sunset Highway and Timber Road, This is in Oregon by the way, (heck let me say Portland as well so people with that keyword may be more likely to notice this post) anyhow let me just cut to the chase.

I have 10 commercial properties with an outstanding loan total of 5.2 Million.

I do believe there are certain demographics that go for properties for their proximity to major roads and highways.

If the Borrower moves back to the original area, the Borrower is not required to live in the original house and may obtain a new FHA-insured Mortgage on a new Principal Residence, provided the relocation meets the two requirements above.A Borrower may be eligible for another house with an FHA-insured Mortgage if the Borrower provides satisfactory evidence that:• the Borrower has had an increase in legal dependents and the Property now fails to meet family needs; and• the Loan-to-Value (LTV) ratio on the current Principal Residence is equal to or less than 75% or is paid down to that amount, based on the outstanding Mortgage balance and a current residential appraisal.

@Mark GladeYour gain is not sale price less outstanding loan balance.That would mean anyone who buys a property all cash and immediately sells it right after has 100% gain.Gain is calculated as Sales price less purchase price less depreciation taken plus improvements less costs to sell.Work with an accountant to make sure the gain is being calculated correctly.