There are a lot of people, including myself, have been enjoying the low interest rate ARMs and it is about the time for people to refinance either to another ARM or fixed.

At the end of the ballon, we can either sell (which would be great) or restructure to a 20yr am with a 5/2 ARM at 4.75%. or a 20yr am at fixed 5.25%.Cash flow wise, i can certainly 1% rule this home, due to the fact that rent in the homes area is typically about 1.00 sqft. so just the house alone i can rent for 1800/mo and the apartment is 600sqft so thats another 600/mo.

Most HELOCs are ARMs.

The same can NOT BE SAID for the SFR, as the only way to win is to hold thru a recession until the market turns again.The BIG problem for both SFR & MFUs is the ARM mortgage. 

Which do you think I should pursue first:Option 1:15-20% down               3 and 5 ARMS               20-30 year amortization  Option 2: 20 year fixed amortization                7% interest with 1% origination fee                1 year loan refinance                 Only do loans in person, nothing online, very personable.Option 3: 20-25% down                20-30 year fixed, potentially ARM based on property                seems to be the most knowledgable and creativeThanks BP!        

We got three term sheets back and all them asking for an arm and a leg.Keep in mind, any investor these brokers bring it pretty much have an agreement in place that if you use them again they get another 3% or whatever was initially decided.

My father has a successful construction arm in his real estate business on the coast and I've been picking his brain for months about how to replicate that process in Raleigh.

For any upgrades, only do what is needed for safety and to ensure you are complying with your state's landlord-tenant laws (i.e., making it habitable).

This is a safety factor on top of the elevation that FEMA says is the 100 year floodplain.  

I'd sell and only do arms-length, solo projects in the future.