All Forum Posts by: Stefan Hirniak

@Andrew Postell thanks Andrew. I believe all the loans are Freddie and Fanny. Will smaller lenders or different credit unions give better rates? I will also post in the Texas forum. Thanks for the response!

Hi all,

I have a few rentals in Houston TX and wanted to see if anyone has good recommendations for great rates on Refi for 3-4 properties. These are single family homes inside the loop and all have around 70-75 LTV

Currently paying 5-5.3% and hoping to shop around and see if I can slash this.

Let me know if anyone has any suggestions.

Thanks!

@Mike M.

Appreciate the response mike!

So the bank doing their own assessment doesn’t change my taxable value with the county?

What I don’t want to do is pull money out, keep the place and then have a much bigger tax bill.

Thanks again

@Michael Lewis Lee

Thanks for the feedback!

Why is 150k the target number?

What are of Texas do you invest in?

@Stefan Hirniak

In addition the current taxes are 5200/year

Thanks!

Hi all,

New to the forum and excited to meet some new folks and grow my knowledge.

I am pretty new to this space but own three single family properties with good equity in each and long term tenants. The rental market in Houston is strong and I am looking to leverage the equity and grow the portfolio especially in some of the up and coming areas.

My main question is about pulling out equity from a property in a high tax area like Houston. One of my properties is a great location and currently has a long term tenant. I bought it for 214k in 2017 with 25% down. I put about 20k into and rent for 1700. The assed tax value currently is 208k as I have fought the county to keep price down to lower taxes.

I believe if I had this re assed it would come in close to 280 based on the area and work I did to the property.

Any ideas/suggestions on pulling equity out in high tax area or strategy to leverage would be greatly appreciated.

Cheers all