@Samuel Metcalf- sounds like you have a FHA loan as  PMI is permanent in most FHA loans ....I would ask  the bank that holds the loan for  refinance  options and then shop around to see if there are  any refinance options that  make sense ...if not - live with the loan you have  but be  ready to refinance  when rates drop 

Hello all new to the forum,  Jim Rohnn,  Rich dad Poor dad ect , BP podcast reader/ listener My name is Joshua i have a house  13 years and a w2 worker married with 2 girls native of Colorado,  would like to invest/ buy and hold  properties. 

We are not hurting financially if we hold on and eat some losses, (it's great for tax season) so we aren't looking to drop prices any further. 

When I have clients contemplating the two, I look at holding plan (you already did this, so great there) and the difference in payment.

I told her not sure what my end game would be yet; STR or maybe sell in a few years depending how it turns out. 

I’m open to single family or multi family long term hold.

For example: If I bought a house for $200K, and the quote to construct the very same house in the same location is $300K, then the value of improvements should be considerably high ($200K) and the value of the land be considered negligible (closer to 0).Of course this helps depreciate more improvements in the life of the property, but I would like to hear your thoughts on whether this logic would hold up with IRS in the event of an audit.What do you think?

Investment Info:Large multi-family (5+ units) buy & hold investment in Jacksonville.

Investment Info:Large multi-family (5+ units) buy & hold investment in Jacksonville.

It's an old school one but still holding strong.