If I did not refinance the debt it would take almost 5 yrs vs 2yrs 8months to pay off.

Includes non-payment of rent due to COVID (20% Vacancy allowance vs normal 5%)Mtce 4800CAPEX 7200Total 46,260Gross rents 88,800 minus expenses 46,260 equals 42,540 net income.We'll finance (25% down) 412,000 30 yrs at 4.5% (commercial loan)= 2100/mo or 25,200/yr and you will have 17,340 left for you. 

Most of them have extensive experience 20+ yrs in the Commercial Lending industry here in Maryland.

Increased rent 43% and NOI 56% and sold at the 5 year projection in under 2 yrs!!

My problem is I leveraged from day 1 over 20 yrs ago and now have about 100 doors.

At 500 cash flow it will take 15+ yrs to generate this.

Hey BP,My husband and I are 25 years old. Just bought our first house back last year and on a clear path to purchasing our next by the end of this year/early next year. We opened a Roth IRA but have yet to contribute....

When looking at a longer time horizon say 5-10 yrs, there's a high likelihood that whatever RE investment you make, it will appreciate.

What would you like to do or own 10 yrs or 15 yrs from now, and work backwards. 

an int only fixed rate  does have a fixed rate  BUT.....your required payment will  increase alot  at the end of year 10 if you still have the loan and have only made  the interest payments for 10 yrs .....if you think you will have a mortgage past  10 yrs from now - ask your lender if they have a fixed rate option and  make a  full amortizing payment