Hi everyone, joined BP last year for all the freebee calculators and finding myself a bit over my head and in need of some advice...Have a commercial property bought on land contract, 0 down, 5%, amoritized over 30 years with 6 year balloon for 120k last year.

I think your best approach is to pretend you are the investor yourself, calculate build cost (mortgage with interest) + Maint / cap expenses/ management fees according to your zoning and then compare that to the average rent in that neighborhood.

Helping Thomas calculate what he can close is the question.

Make sure to calculate the difference between the blended rate and an entirely new first lien position.

Quote from @Levi Perl: Hi,Curious if anyone has what to say in terms of how to calculate which one is more worth it: to cash out refi on a Long term rental now at 70% LTV, and walk away with X amount of positive cash AFTER paying all debt, (X is a positive number and significant amount for me), which will allow me to potential get another long term rental and grow portfolio faster, or wait 4 months and cash out 80% LTV, giving me DOUBLE than X. 

Does the tax code say this directly or is this inferred from the mechanics of the bonus depreciation calculation?

A heloc is also calculated at it's Max amount usage even if not used during underwriting for a new mortgage.Cash out is tax free and it can be used as an "Asset or Liquid reserve" on new approvals. 

For real estate the will calculate what your return would be if you purchase a single-family home at market rate and hold it for ten years.

When you buy the property to fix&flip, you always add Realtor fee as part of your closing cost to calculate the MAO.

Here's a bit more in detail about how rates are calculated for DSCR loans:1.