Example: propert is appraised a $65k, 80% of that is $52k. Amount owed is $24k, cash out would be about $24 after fees. Would taxes be owed on this amount or only when house is sold for final price?
I have owned the property for 15 months.
realestatemoneymall.com
Hi,
I am looking to refinance my condo in Rhode Island. I use it only as an investment property as I’ve had to go out of state. I’ve had a few lenders say that they cannot help me with refinancing condo’s only used for investment properties. Any suggestions on lenders that can help me?
I have excellent credit and stable job, and I just refinanced my current home at 4.65% fixed for 30 yrs and really lowered my payment. I’d like turn this current home into an investment property and then buy another home with zero or 3 percent down, 5 percent down, etc. Is it hard at this time?