After some investments in amenities (primarily hot tubs), our last 3 months have averaged 12k/m.This property is owned outright, and due to the size of the property, the small square footage of the units, and the lack of comps in the area we have found it difficult to lock down any refinancing.

An original purchase loan was taken in 1998, which was refinanced in 2004, and then again in 2005.

Speaking of loans, refinancing or selling properties inside an LLC can sometimes complicate things.Since you’re house hacking, also think about your tax strategy.

Here’s how I’d approach it:For the 9.5% Loan: Refinancing into a DSCR loan makes sense to lock in a lower fixed rate, especially if your goal is stability and better cash flow.For the 7.25% Loan: If the local bank's investment HELOC offers a competitive rate, consider it for flexibility.

Yes, most lenders will require you to live in a primary residence before moving out, refinancing, or converting into a rental.

I am considering one because it allows me to leverage my equity without refinancing.

I’ve bought my primary with various Schedule C income and refinanced a primary with lots of schedule c and a number of properties (mostly owned in LLCs but reported on my personal return).

I cash out refinanced with a local Hoboken loan officer I know and they were really great.

Almost all DSCR loans will have either A) a prepayment penalty which prevents you from selling or refinancing within a given period without paying a cost, or B) a combination of higher rates and points to offset the lack of a prepayment penalty.

I am locked into a 30-year loan with a 2.8% interest rate, so refinancing doesn't make sense given the current high-interest rates.