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Thoughts on Fiverr
Anyone wanna refer me to KPMG or EY? Lol
I need USB referrals
Are your firms providing guidance on PPP loans?
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Should only cash out refi if rates go down, outside negative cash flow.
So your first property is ready for your first cash out refi after 15 years? It would take a massive amount of capital to do this. And then when you finally own something to start making major upside you bone it by taking out yet another mortgage? And for what? You've aleady had some a massive outlay over 15y that you must not need that little bump from a refi.... none of it makes sense.
Well, i guess if you're renting them out and doing 30% down your total capital isn't so much, like 1.5M (before costs, taxes, etc.) over however long you spent accumulating them...but I'm still not seeing why you would do this. If you can live off the rents, great. If not, doesn't this just keep putting you in a worse and worse situation on profitability? If each property is worth 250k, how much upside do you think you'll see in two years on a cash out? There's also some kind of limit on how much you can cash out, I think (might vary by lender). I just don't think this maths. You can live off your 1.5M, or you can live off your rents, but I don' think the money or logic is there for a suboptimal rental strategy.
It's a 30+-year plan? Sounds like a long time.