Ready to refinance the new investment property and wipe out the hard money loan and bump up my cash. My hard money lender has asked to go into business with me on investment properties, so we have carved out three properties that he can split equity with me..50/50 split so he'll bring cash and I'll bring the houses with equity. Should bump up my cash position and allow more investments in the future.
Debt-to-assets = 49.05%
Primary = 15 year, 2.825% fixed, 15 years left
Rental #1 = 15 year, 3.875% fixed, 10 years remaining (April)
Rental #2 = 30 year, 4.75% fixed, 26 years remaining (July)
Rental #3 = 15 year, 3.875% fixed, 10 years remaining (April)
Rental #4 = 30 year, 5.125% fixed, 23 years remaining (Sept)
Rental #5 = 10 year, 4.125% 3 year balloon, 9 years remaining
Rental #6 = 10 year, 4.125% 3 year balloon, 9 years remaining
Legend:
"Bonds" = Personal Emergency Fund
"Annuities" = Investment Property Savings (minus security deposits)
"Other Assets" = Health Savings Account
"Other Real Estate" = Investment Properties (current market values)
"Other Mortgage" = Investment Property Mortgages
"Other Debts" = Hard money loan for rental property rehab |