In all honesty they did you a favor but it might be at a higher expense.

@Sateesh Kumar personal goals aside, what return are you making on the Jersey property and can you beat that by selling & investing in California?

Brampton was one of them and now it's going up everyday. durham and Hamilton were slow for a long time and they are catching up too at a faster pace.

Hey there, I'm a bit confused on how you are getting the refinance to be at 4% for a cash out refi.

I financed this deal through a private lender, allowing me flexibility and faster access to funds compared to traditional financing.

Others 15 yrs, etc.So we depreciate a portion of the asset costs faster.We do the study and get dollar amounts assigned to different parts and different schedules to front-load depreciation.Now you can get 5 or 6% of the value as a deduction in the early years...But wait... there's more.Bonus depreciation allows you to deduct a certain percentage of cost in the first year an asset is put into service.Anything that is on a schedule of 15 years or less...So the doors, sidewalks, HVAC, walls, latches, curbs, security, gates, etcA % of this stuff goes in Yr 1.For years 2015 through 2017, first-year bonus depreciation for these items was set at 50%.It was scheduled to go down to 40% in 2018 and 30% in 2019, 0% in 2020.But then the Tax Cuts and Jobs act moved this percentage to 100% from 2017 to 2022 and 80% in 2023 and 60% in 2024.Its not uncommon to allocate 30% of an asset cost to items that can be depreciated on a 15 year or faster time frame.So now 60% of that 30% of your asset's cost can be depreciated in the first year, excluding land.Pretty great.This is how real estate owners, investors, and operators make millions and pay very little in taxes compared to W2 employees.They pay even less and can offset other types of income if they are an RE Pro.

People have done loans subject to but the original borrower stays on the loan and it could be at risk to be called once a deed is transferred

It is a little lower than I expected but I will be able to sell these off, however, it may be at a loss and is less than what I had mortgaged on these houses so I would probably need to come up with cash at closing, which is not ideal.

My biggest takeaway honestly was, how networking with likeminded people will help you reach your goal faster.

This is a major reasons bay area investors look in the midwest in faster growing cities.