Under very conservative valuation at 8% cap rate, I believe the building is worth $1.6M+I was thinking about doing a cash out refinance at $1.1M with a 30 year term. 

What are some attractors that may increase the market there over time? 

We look into the pricing from the previous year and adjust next year's pricing by increasing the rates by 10%.6.

If you can go 'Full Doc" another words use income to qualify plus rents it would be worth it to take a look at other options.I would be interested in knowing what program you are using and the property type.  

Imagine the 2nd property is a 4plex, each unit can be rented $1500/unit of 75% =$1125 x 4 units =$4500 worth of income to offset your that 2nd property.

As they say, your network will be your net-worth.7.

Hi ST King,The price increases with insurance and taxes has certainly cut back our cash flow on many of our properties, but fortunately rents and rental demand have been pretty strong going into 2024.

As they say, your network will be your net-worth.7.

Whether or not it is worth doing a cost segregation study on it or not depends primarily on your purchase price, the size of each unit and your tax rate.

Hi All,Back on April 9th, Dave Meyer posted a reel to his ig account asking "Real estate is harder than it used to be…so is it still worth it?"