All Forum Posts by: David Robinson

@Matt Lutey Some loans are based on primary residence, and have terms built asking not to rent for 1 year,for example FHA. But as a vacation home there shouldnt be any issue of renting it out.

@Moncy Samuel Try another lender or local bank, I work with a few lenders that may be able to help best 5%.

@Matt Wells A good example for rate and term would be you own a multifamily complex worth 2 million, and you have a 1 million dollar loan for 12 months at 12% interest. You can refinance rate and term, converting to a 30 year at 4.5%. You could also do a cash out option using the equity, lets say 1.5million loan, converting existing 1million mortgage to a 30 year and getting $500,000 cash in hand for the next investment, with rates generally a little higher for cash out.

@Moncy Samuel What is the goal of the refinance?

How can having investment properties in a trust be beneficial?

Is there any negative sides to having properties in a trust?

@Blake Ramsey What made you choose Knoxville other than the beautiful Appalachians near by? Did your credit score go up after paying off the mortgages from your personal name? Great post

@Leonid Lednev Does that include taxes and insurance escrowed in? Ask to see a break down of whats being charged, you may be getting a rate buy down, and may be worth it.

@Matthew Evers I work with multiple lenders that can do Interest Only loans for multifamily and help into permanent. It sounds like you have a good plan and exit strategy for the loan, not sure about "Fannie Mac" interest only loans but can help with some commercial lenders that can.

@David Bonnie Hi David, I work with multiple commercial lenders for Ohio, lets connect and I can help.

@Alex Mansur A good book recommendation is "Long Distance Real Estate Investing" by David Greene, there is a digital version and audio, digital giving you access to a search option for keywords. Enjoy