Zillow Advice: Investing - investment http://www.zillow.com/advice-thread/investment/355338/ Zillow Advice | Zillow Real Estate Refinance your primary residence? ... http://www.zillow.com/advice-thread/investment/355338/ Refinance your primary residence? ABSOLUTELY!!! &nbsp;You would be silly not to! Rates are as low as mid 4's!!!<br/><br/>Tie investments property to your primary residence? &nbsp;Personally, I think that is a terrible idea. &nbsp;I always advise my clients to NEVER tie investment property to primary residence!!! &nbsp;<br/><br/>The decision is obviously yours to make, just make sure you are well educated on the pros &amp; cons! &nbsp;Be sure to speak with a local expert and get their opinion! &nbsp;Good Luck! Sun, 27 Jun 2010 10:28:00 GMT http://www.zillow.com/advice-thread/investment/355338/ 2010-06-27T10:28:00Z Your accountant would be ... http://www.zillow.com/advice-thread/investment/355338/ Your accountant would be the best one to ask.&nbsp; But mortgages are the lowest they have been since the 70s.&nbsp; So a refi would be wise either way. Sat, 26 Jun 2010 15:55:00 GMT http://www.zillow.com/advice-thread/investment/355338/ 2010-06-26T15:55:00Z Hi Kathy,Be certain to take ... http://www.zillow.com/advice-thread/investment/355338/ <br/>Hi Kathy,<br/><br/>Be certain to take careful consideration when looking into the cheap mult - families...most of the time - they will need repairs / updating, etc...<br/><br/>There are deals out there - however keep it as clear and free as possible in in terms of using your current home as leverage.<br/><br/>Please keep my real estate services in mind - as my schedule is flex' and available to answer further questions, share thoughts, provide further insight on market value, identifying locations to provide highest return on rentals, etc.<br/><br/>Good Luck..!<br/><br/>Best,<br/><br/>Josh Sat, 26 Jun 2010 15:52:00 GMT http://www.zillow.com/advice-thread/investment/355338/ 2010-06-26T15:52:00Z You are mortgaging the investment ... http://www.zillow.com/advice-thread/investment/355338/ You are mortgaging the investment property because it appears you don't have the cash to buy a cheap 2-3 unit.&nbsp; Therefore the property should be identified first and the cash flow analyzed to figure out return on investment. Cash on cash -- how long will it take to return your principal is a good starting place and annualized rate of return. &nbsp;&nbsp; The question becomes are you disciplined enough to take out a new mortgage on your primary home, pay cash for an investment and pay the money back to yourself.&nbsp; The cheapest borrowed money will be on your primary residence.&nbsp; However many financial advisers would recommend keeping your investments separated from your home.&nbsp; I think as long as you have a well though out plan with worst case scenarios you should be ok. It is all about buying the right property.&nbsp; Rental property come with a lot more work than buying a mutual fund.&nbsp; The new mortgage on your home might be tax deductible against your ordinary income. The investment property income will only be offset by direct expenses and depreciation.&nbsp; If you had a mortgage interest on the investment property that would be deductible on the investment property's income.&nbsp; Talk to a tax professional on your current income tax situation and the best way to finance the new investment.&nbsp; There is a lot of homework but it can be worth it.&nbsp; Good Luck Sat, 26 Jun 2010 14:42:00 GMT http://www.zillow.com/advice-thread/investment/355338/ 2010-06-26T14:42:00Z Get your single family home ... http://www.zillow.com/advice-thread/investment/355338/ Get your single family home free and clear, then go after your investment property.<br/><br/>Do not encumber your single family home with the investment you are wanting to make.<br/><br/>I can't stress it enough to keep each deal separate.<br/><br/>Just in case things do not work out in your investment, you will have your home safe and secure.<br/><br/>Banks will try and tie them all together.............Don't Agree To That!<br/><br/>Good Luck!<br/><br/>James Callas - Realtor&reg; <br/> Sat, 26 Jun 2010 14:27:00 GMT http://www.zillow.com/advice-thread/investment/355338/ 2010-06-26T14:27:00Z You may be able to do both.&nbsp; ... http://www.zillow.com/advice-thread/investment/355338/ You may be able to do both.&nbsp; Typically, you will need 20-25% down payment for investment property.&nbsp; Call a few lenders and see what kind of offers they will make for you to accomplish your goal.&nbsp; Before starting out investing in rental properties, please do your homework.&nbsp; Good luck. Sat, 26 Jun 2010 13:59:00 GMT http://www.zillow.com/advice-thread/investment/355338/ 2010-06-26T13:59:00Z