Originally posted by Sean F.:I

Rule as of 2009 is here: http://www.statutes.legis.state.tx.us/Docs/FI/pdf/FI.180.pdf on page 6 is exceptions.

For cable, go wireless - one transmitter and 2 receivers.For internet, go wi fi with three secure SSID accounts - one for each unit.Big savings!

You might want to consider having someone put up the cash and then go pull out a cash out re-fi on the house.

I have an opportunity to re fi (total costs around 1,800 ea.) for 5.5% for 20 year amort / 10 year lockin.

Working on a re-fi now.

Originally posted by @Colleen F.:I

Hi,Hoping to solidify this deal:Overall:Duplex2000 sq ft total3 bed / 1 bath eachContract Price: $110,000Monthly Costs:Mortgage Type: FHAPITI: $810  (4.25%)Repairs: 0.15*$1350 = $202.50Trash / Water: $155Income:Rent: $1350Capital Costs:3 month vacancy: $35103.5% down: $3850Rehab: $6000Inspection: $500Returns:Cashflow: $180COC: 15%Cap Rate: 10.2%Unknowns (working to solve):ARV (post repair / garage / desert landscaping)Timeline of getting rid of PMI (add'l $125 cashflow)More accurate assessment of rentsCost of a garage / add'l appraisal value / add'l cashflowCost of desert landscaping / add'l cashflow (~ $50 - $75 / month) / add'l appraisal valueDIY window cost (estimated as half of contractor quote)Re-Fi costsKnowns:No lender fee w/ 4.25% FHAClosing cost by SellerThoughts?  

@Jonathan F I own no property in Oregon City at this time.

The market has had a nice little run since my last re-fi, and I want to investigate moving my new equity to more higher ROI.