I oversaw and paid for all the renovations and after we sold the house I got my money plus profit and my wife's mom was able to pay off the mortgage and still have a healthy profit.

They invested with people where prior relationships existed and had a lifetime to vet.

Hey Harinoor, if you purchased the duplex with a mortgage, contact your lender to understand their policy on transferring the property to an LLC.

The cap rates themselves from their ads don't include the cost of a commercial mortgage in their calculation.Now commercial loan rates that I'm seeing are at minimum 6% and higher. 

On the 15 yr fixed mortgage's I use, that comes out to about $250/month in interest payments, or $3,000/year. 

We haven't had any big change in scope, sold/purchased maybe 6 properties over the last 4 years but they fell under our existing LLCs, most of which are considered 'disregarded". 

Buying in your name, keeping the mortgage in your name and then transferring the property to an LLC arguably could invalidate the LLC. 

Here are the numbers (rounded up):- Original purchase price ~ $180K- Current value ~$230K- Remaining balance ~ $140K- Mortgage payment + HOA ~ $1,300- Current rent = $1,700To calculate ROI at the current time should I base it on the initial investment amount (downpayment) or the current equity position?

I am considering selling a property using a wrap in Texas. Anything I should look out for? Any recommended companies/people who would be able to assist with handling such transaction? From the transaction to escrow/pa...

I want a template that will automatically give me all the equations and include both the purchase, a cashout refinance with a new mortgage balance and % along with recording all the rents and expenses.