When the property is sold, the SEV value is automatically adjusted based on the sale price and the new property tax is determined on the updated SEV.

Bottom line, they already made adjustments do it now.

Originally posted by @Alvin Sylvain:I can't say if there is any "interest" on the taxes, but you should have a copy of the Full Disclosure so you can check.The cash-out amount was adjusted lower for closing costs (expected), and then downward again by about $6k for the escrow amounts.

ACV can bite you if you're not ready when the adjuster depreciates your claim and you have to come up with several thousand more to make repairs.

So it seems very likely there will be equity to pull out after 7 years if not earlier.Just curious to get people's thoughts on doing an adjustable rate, and whether anyone regretted it? 

Numbers are based on my town, adjust them for yours.

They need to omit the wholesale fee unless you can adjust the sales price of that hoped fee   If you can't make a goal setting profit , I would not do it. 

Most "portfolio" style loans will be a 20 year adjustable renovation loan but as I mentioned above the Fannie Mae loan is a good 30 year loan if you can qualify for that loan type.

Some are just 15 year loans, some will have adjustable rates, some may have pre-payment penalties, and some will have ALL of those.  

But lately, I may have to adjust these goals as Austin is a tough market and I don't want to bet on appreciation especially on a first deal.