All Forum Posts by: Mark McGuire
Mark McGuire has started 2 posts and replied 2 times.
Post: First time buyer STR in Panama City beach area
- Real Estate Agent
- Muldrow, OK
- Posts 2
- Votes 1
I live in Oklahoma but am looking to 1031 exchange for a STR in the Fort Walton to PCB area. Those of you that have done this before please help me decide which way to go for the best returns. There are so many options between a house near beach to a condo on the beach. HOA's scare me a little with the assessment fees and all the possible surprises. Bad areas, old condos, no STR areas, it's al lot, any and all advice is appreciated.
Post: Already closed. Use HELOC or refi to pay myself back?
- Real Estate Agent
- Muldrow, OK
- Posts 2
- Votes 1
Looking for advice here on what would be best to pay myself back the 18,000 I used out of pocket for closing cost and down payment. I just closed on a house for a price of 75,250. After fixing some cosmetic things it should appraise for 100k. So should I fix it up and cash out refinance it, or now use HELOC from another rental I have to pay myself back, or just eat it and use HELOC to purchase another house?