All Forum Posts by: Myron McBride

Thanks everyone

I own 5 properties.  4 duplexes and my home.  My current plan is to refinance all of them netting around 175K in cash to invest.  I plan to stick with what I know and buy more duplexes or quads.  Assuming duplexes I could probably buy 4 at 25% down and have a little bit of an emergency fund.  After the GREAT REFI, accounting for cap ex and vacancies etc each property should cash flow around $400 a month.  

1) Go ahead and please point out any follies in my assumptions.  2) I'm not sure if just taking out HELOCs on each property would be better than totally refinancing them?  I'm also thinking of rinse repeat the GREAT REFI on all 9 properties in 5 years assuming 3% appreciation and balance pay down.  I am 50 so I can see me doing this each 5 years until I am 65 and then figure out what I want to do with all those properties then.

Good plan?  Thanks

Yes I used the sticky tiles in a bathroom probably around 1998 and it's still there looking great.

Thanks

I usually have to change the carpet every other tenant if not every tenant.  A side averages 70 square yards and my costs usually run about $900 installed.  I'm wondering if laminate flooring might last longer and be more economical?  Any one have experience with this?  Thanks

In a year's time I will have a duplex paid off and have access to 100K.  I have 5 mortgages and found a lender that will go up to 10 mortgages, only catch is they will require 25% down.  I could buy 3 duplexes.  However, I'd like to deal with a higher class of renter that might be more responsible i.e. pay on time and take care of the property.  What other options might I have?  Thanks for any input.