This guest just wants a free stay.

Hi Everyone,I'm currently an investor in 2-4 unit buildings and am interested to hear your thoughts about whether to 'level up' into larger multi-family or commercial properties, expand into new markets, or continue on my current path in the same city. 

You can always 1031 when you sell instead once it becomes and investment property, but any time you can get tax-free profits, it's nice to take advantage of that. 

Feel free to reach out I am always happy to help and talk REI!

I am using a property I own free and clear to pull a cashout refi.

But as soon as their is a sale of the property - that differential goes away and the property appraiser is free to tax it at it's "just value" - which is usually some percentage below what you paid for it... like 15-20% less than what you paid.  

House is free & clear.

I bought these properties cheap, had them fixed up and not have they appreciated a lot that also generate a nice tax free cash flow that goes back into my IRA to be redeployed into more properties.This is a huge tax free money maker. 

The below terms are live as of this date, for a rate and term refi (no cash out).From left to right:Points: 1, 1.25, 2.Prepayment penalty: 10 years, 3 years, 5 years.Commentary/review, hopefully this thought process is useful when evaluating offered terms for a maturing commercial mortgage that needs to be refinanced. 

On 5+ Unit and Commercial loans, you may need to do a refundable good faith deposit.