All Forum Posts by: Vijay G.

Need help in finding STRs with good annual revenue. I m planning to buy SFH and turn them into STRs. any realtors in the seacoast area NH ? I would love to connect..

Any realtors experienced in finding good STRs around the seacoast area ?  That would be a great help.  Lets connect !

Thanks @Joe S.

@William Hamburg nicely done .., definitely will sell for the listed price.. any help needed ? 

Thanks @Randall Alan. 

310k is my rental unit estimate, I owe 45k on the mortgage .. so I’m thinking I can easily take out 80% of (310k-45k) = 212k..

@Randall Alan, I have 80% equity on my rental unit. I’m trying to use the cash out refi from myrental as a downpayment to invest in another multiplex. I hope that clarifies .. 

Good insight @Randall Alan! Thanks. I m looking forward to move with cash out refi interest rate at 5.6%. 

4 unit multi family started with $650k in April recently reduced to $630k. Really old building built in 1900s.

Annual rent : 51k, tax : 9k, maint:3k, cap exp: 3k, vacancy rate: 3k, mortg: 35k (on 600k price with 25% down) 

No or minimal cashflow. .8% COC return, 6% CAP rate.. looks like a not a good deal ..

any thoughts ?

I am a newbie and I paid off 80% of my  rental mortgage. I have already applied for cash out refi planning to use for 25% downpayment  and I need to finalize my decision next week. Is it wise to take cash out refi and invest in my second multiplex given the market conditions?  OR wait till market cools off or crashes and then take out cash out refi.. please advise

Thanks @Kerry Baird.. I’ll look into it .. 

Any help in identifying mortgage lenders who can do 95% LTV on your rental unit ?