All Forum Posts by: Satya Y.

Dear Fellow Investors,

I am looking to cash out some equity from my investment properties for further investing.

One of the property has around 50% in equity  (~675K) and would like to do a  secondary mortgage (Home Equity Loan) on it. 

Could you please let me know if there are any good Banks/ Lenders that can do secondary mortgages on an investment properties?

Thanks in Advance

-S

Note: I can't do a cash out refi on my primary loan as my interest rate on it is 2.625% 30 yrs fixed loan. Also not interested in HELOCS as they are floating and has high interest rates.

Hi Everyone,

I'm currently in dilemma  whether to do a cash-out refinance or a term loan refinance to close on a construction loan  . Here are the details:

• My current construction loan  balance is $587K
• The property value is $1.15 M
• Property Type : 4Plex
• I have excellent credit and can qualify for favorable rates.
• Approx. Interest rates & Cash Out details
• Case 1:  70% LVT @ 6.875% => -$986 (negative) monthly cash flow  with 200K cash in hand for future investments
• Case 2:  60%LVT  @ 6.75 % =>  -$166 (negative) monthly cash flow  with 100K cash in hand for future investments
• Case 3: Term loan @6.5%  => $605 monthly cash flow. No money for other investments
  

I can immediately deploy the cash  ( if I went with case 1 and 2) to pay off other construction loan debt @9.25% floating rate. In net I can save money with Cash out Refi.

However considering the high probability of Recession and other head winds, is it better to play safe and just stick to Case 3 with Positive Cash flows.  
Or be a little aggressive and pull the cash and make better use of the equity for next property.

I know it's totally depend on the risk profile , but I would appreciate your ideas and suggestions. 

Thank you!

-S

Hi, 

I am on out-of-state investor and looking for a property manager who is investor-friendly to manage my SFH in Granbury (Zip 78760) area.

Please share if you have any good references. 

Thanks

Satya

Quote from @John Laney:

hey @Satya Y.

This sounds like a FIG project.  I'm also an investor with them on the same project.  

While I do not have any specific undestanding of Ogden (or Utah for that matter) I do know these guys are pros at what they do, and they focus on markets with great opportunities for potential.  

I invested a few years back with their NAMPA build and am very happy.  

Happy to discuss, John

Thanks John.
I will DM to discuss about this.

I am looking to purchase new construction 4plex investment property in Ogden UT area (12th & Washington blvd). Price point around 1.1M 

Would like to know about Ogden UT real estate market, any   large price correction in pipeline?  Also how are the vacancy rates and new inventories?

Will there be rental value compression?  Co- star reports 9+% vacancy rates which seems very high. Is that normal in that area? 

What will be the long term growth potential for Ogden in next 5 years?

Any other pit falls to avoid? 

Thanks in advance