Is there a financial calculator to determine if doing a cash out refi makes financial sense with today's rates to use for down payment and or purchase property?

Hey fam!
I'm Daniel, a complete newbie in this field, to be quite honest. But my background and experience is in Business Development, and Marketing Strategy in close integration with sales, so I figure I at least h...

Hi Erin, I work for a property management company in Milwaukee, Wi, and here are some thoughts to consider: Vacation rentals- Pros: Higher Income Potential due to tourists, Flexibility, Shorter Tenant CommitmentCons: Inconsistent Income depending on demand and time of year, More Management Required, Wear and Tear because of constant turnoverLong-term rentals- Pros: Stable Income, Lower Management Effort, Predictable Expenses, Less Wear and TearCons: Long-term commitment (this can be pro or con depending on the tenant), Market Dependence The choice between vacation rentals and long-term rentals largely depends on your financial goals, management capacity, and the property’s location.

They tend to have no problems if you have a spouse or your children, or essentially some immediate family member listed as an authorized user, though.I know several people that were doing this, and their financial institutions ended up closing their cards on them.

But because of rising interest rates, none of the BRRRRs have made financial sense so far.

I would say the same for any financial product.

@Sinuway MartinezRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a Class A property in Class D area, what quality of tenant will you get?

It’s probably a little heavy in RE (according to my Financial Advisor), but annuities, insurance, 401k, gold, ESPP, and have a Day Trading account that is performing at 66% this year are all part of the mix.

This can help offset costs and improve your financial position.Cash Flow- Calculate all expenses related to both properties (mortgages, property taxes, maintenance, insurance) and ensure you have a positive cash flow.Vacancy Rates- Factor in potential vacancies when estimating rental income.

is it like auditors for financial results?