[quote=flu][quote=AN][quote=flu]
So AN, as BG use to say “inquiring minds what know know”!!! Since handing over the title to you as “serial refinancer”……when are you planning to refinance again??? And how much in rebates are you milking this time, lol…You totally killed it with the ridiculously low below monthly loan payments, I’m guessing.
As they say in Star Trek. Live long and prosper.[/quote]
I just started 2 more refi on Friday. My primary will be at 3.125% and my SFR rental will be at 3.625% @30 years fixed. Just refi my condo rental 9 months ago @ 4.125% @15 years fixed. I only do either no cost or with extra rebate to cover taxes and insurance. A few years ago, I went several years w/out paying property taxes or insurance, because the refi would cover taxes and insurance for those years.
For my primary residence with the new rate, I’ll be paying less on interest + taxes + insurance than a 1/1 condo around here. I can’t believe I’ll be in this position after just 12 years. Sucks for all the new home buyers, but I’m definitely sitting pretty. Especially with minimum wage go to $15/hr. I think it’s getting close to the point where I can afford my house on a minimum wage salary.
With Trump’s new tax plan, I have to readjust my portfolio. But I can’t complain. Thanks to CA’s strict regulations, rent are sky rocketing. Also, w/ the new rent cap, I’m starting to increase rent on my good tenants. I feel bad for them, but I told them, the State twisted my arms on this one, sorry.
Here’s hoping this “pandemic” continue to get overblown and the Fed will cut rate some more. Would be awesome if I can lock in 30 years fixed at <2%.[/quote]
Great job on the low low loan rates.
Unfortunately,I didn't keep my loans. Drat. I guess I played it too safe. So I'm stuck with very positive cash flow that's sitting in the bank. I'm trying to find another 2 rentals but inventory isnt great, price isn't great... But then again maybe with low rates it might not be a bad option.
Nice job on the refis. Can you PM who you got the loans from. just curious.[/quote]I think you have to be creative in this environment. SFR + 2 Adu might make sense number wise.
