Of that 75 grand, 10 thousand is the gain.

Investment Info:

Townhouse buy & hold investment.

Purchase price: $317,500

Cash invested: $80,000

Luxury townhome in a lovely neighborhood. Excellent location. Grocery stores, restaurants and sho...

(He had offered the property for several months prior at the same price) This evening he made his grand announcement.

Yes police details instead of flagman and if you have 2 then you need the lieutenant s the 3rd and that’s gonna cost you a few grand a day just for them.100/st is 170k for a driveway.

Hi Joseph, I'm in Oil and Gas too and work in Grande Prairie 3 weeks on, 2 weeks off.

Of course, you’ll likely incur a few grand or so of closing costs for each refi, which can be rolled into the new loan.- If you envision paying off the second lien in the near future, I don’t think a cash-out refi makes sense.- Using the numbers you provided, and a rate of 10% instead of 9.3% for the HELOC (seems reasonable to plan for it to hit 10% soon, as Prime is predicted to keep rising), it seems that the new ARM loan would put you at about $500/mon higher regarding total payment, but that the end of FHA MIP would nullify most of that increase, and that it’d thus be about a wash.- If you refinance the property as your primary residence and shortly after seek a new mortgage for a new primary residence, if much less than 12 months have passed since the refi you may have trouble getting the new loan, as you’re going to make a new commitment in your refi docs regarding intended occupancy.- For some people, especially as time marches on, the need to get out of an ARM loan before adjustment is stressful.

I grew up a little southeast from GR and now living on the west coast (summers here remind me a lot of MI... with the bonus of way less mosquitoes and more mountains). 

@Drew BrownThere are facebook groups for Lansing and Grand Rapids and there is a meetup in Traverse City area once a month.

We are an affiliate group to the RPOA of Grand Rapids. 

I have around 20 grand saved up, which is a lot and I've worked hard for it but in my area and California in general, it's not ideal to start with; even for an FHA 3.5% loan near my University.