My name is Montse, I’m originally from Spain, and I currently live in the Netherlands.

The original intention was to do a light cosmetic rehab and rent it out.

My family and I are originally from Cuba.

Say my original loan was $500K, my cost basis with improvements is $1M and I cash out refinance with a $1M loan (can I include the interest of the new loan into cost basis since it’s reimbursing me my cost basis)?

Then mortgages get collateralized and sold to Fannie or Freddie so they can keep lending and make money from the original fees.

Originally posted by @Harrison Sharp:@J Massey if you want to connect shoot me a DM and we can chat more Appreciate it.

All original tenants were long term low rent tenants.

Originally posted by Alison Robinson:Hello all,I am in immediate need of a Commercial/Residential Property Management Company representing owner-landlords on the South side of Chicago.

I wonder if Mitch was able to get his refi done before a NOD was filed and or late payments were put on the orginal sellers credit report.. this is the real risk to the seller if they value their fico score at all.. on some of this stuff the sellers credit is already trashed and they dont care.. but if folks buy from someone that does care holy cow when they get the NOD notice its right to the attorney.. 

I added value to this property by preserving its original architectural features while modernizing the interior.