All Forum Posts by: Mark Kao

maybe add an addendum for a damage and pet deposit(?)

Simple llc

cash flow is investing, appreciation is speculation. If it costs you money to hold, it's a liability, if it makes you money it's an asset

I'm fairly conservative as far as leveraging goes, I think I'm probably at around 30% LTV(?) I recently had an engineer buddy run some numbers with me (he's super conservative) I think I'll look at taking out 100-150k at a fixed 30

no, I only have 2 mtg's (fixed 3.75 and 4.25), lot of equity in all my properties (4 units). 

I thought about doing a cash out or heloc but episode 188 of bigger pockets got me thinking that maybe I could take a little off the top. I'd most likely use the 100k to pay off one of my other houses. 

after listening to one of the podcasts I've been thinking that maybe it's time to sell one or two of my units to take some cash off the table. I have a condo in Kirkland Washington that I bought in April of 2014, it's fully paid off and nets about 1k a month, I figure I can pocket 100-120k if I sell it in the next 12 months. I know the greater Seattle market is super hot as far as rent prices go. Opinions and thoughts?

why not do a cash out refi on your primary, get the tax advantages and use the cash to buy a rental(s)? With how low the rates are, it's a great time to take advantage. But either scenario would depend on your LTV/equity

shoot me the info

I don't think I'm quite past the accumulation phase, but more still at building greater passive income. I feel I'm still learning the game and as I do more or varied projects I'll pick up more information.