The formula works like this since you have outstanding 1M in loans:1,000,000 / .75 = 1.33M or 1,333,333the key to take away from this for future rule of thumb is the 1.33 X factor when you need to meet a 75% LTV.This means that if you appraise for 1.33M or higher and you apply for a 75% cash out refinance you could in theory get all of your original basis or capital back.  

Greetings Everyone,Does anyone have a lender that works in Maine, or is nationwide and can help me with the following in the future.

STR's/Airbnbs are exceptionally overlooked in this market (nationwide).

(We won’t use the “1% rule” because it was never a rule and never worked nationwide or even marketwide.)2) if you’re going to sell and buy a new property that meets your % rule and that property is still available.

But I'm a nationwide lender and have a ton borrowers in FL. 

Finding deals isn't always easy, and especially not easy in New Jersey with the property values/taxes and the hot seller's market nationwide.

Ideally, I am looking for someone capable of working through a gut rehab (including new plumbing/electrical/drywall as needed) and has outstanding integrity and professionalism.

While people certainly gripe about increased food and energy costs, there are no nationwide cries to "cancel grocers" and most people that opt to stop paying rent are not likely to start stealing their food or gas.All that said, there are some pretty terrible landlords out there that do shady and illegal things, but they more than likely tend to be the smaller mom-and-pop landlords, which a tenant union is not likely to directly impact.

Anyway, my credit outstanding and nothing to hide in the returns.

Economic growth is also expected to step back from last year’s 6% increase.Concerns with oversupply have so far proven to be unfounded and builders are ramping up for new projects nationwide.