All Forum Posts by: Todd Ashley

@Chad Kastel

Hi, where in NY are you investing?

@Chris K. 

Thanks for picking this one back up. Is there anyone out there besides Bryce Stewart using these? 

Thanks for bumping this, I was surprised I did not receive any responses. Interesting that your insurance rep has never heard of it...

Good morning all, I listened to episode 442 of the podcast a couple of weeks ago in which Bryce Stewart brought up the importance of workers comp waiver forms. I own properties in New York state and Oregon and I hire individuals to do work in each state (snow shoveling/plowing, lawn mowing, cleaning, etc.). Do others utilize workers comp waiver forms? Is this something that I should be doing? Are there other/better ways to protect myself? For context a own a total of four properties (10 units). Thanks! 

@Adam Glassman

Checking in to see what the outcome of this park was?

@Mark Bills

Thanks for your input! I believe I am still pretty far off from hitting 20/25% equity. I purchased the property less than a year ago for ~$535k with 5% down. Current value is somewhere in the neighborhood of $600k. I am currently in the process of buying a different property, so I don’t have the capital to make up the difference in equity.

@Aaron Zimmerman

Are you saying it is not good because you would want to refinance out of the loan to eliminate PMI once you had enough equity?

@Zack Karp

I also just received an FHA Streamline Refi offer. It would take my rate from 3.5 to 2.5 and reduce my monthly payment by $284. $6,000 to cover the fixed costs will be tacked onto the loan. The way he explained it is that I would skip two mortgage payments, but that I would have closing costs equal to or less than a mortgage payment. Does this sound right?

@Tim Crosby

Just found this thread as I was offered an FHA Streamline Refinance today. What did you end up doing?

@Brad Hammond

Thank for the input! I don't believe there is a new 25% down payment requirement for FHA loans... my issue is that because I do not have a tax return showing income coming from my current properties, it triggers a rule requiring me to have 25% equity in both of those properties.