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?

No taxes due on the cash out from the refi.
It is one strategy to obtain tax free $ from investment RE. Your basis does not change however, and the amount of cap gains will still be based on the sales price less the basis.

Hello. I am considering investing in a retail property that is NNN leased to a very solid national tenant (7-11). This would be my first commercial real estate investment and wanted to obtain some advice.
1) The property is leased for 10 years with 3 5-year renewal options. Rent escalation are 10% every five years with current cap rate of 6.5%. Is this a reasonable price for a NNN property?
2) In looking at my returns, what should I assume as my interest rate and closing costs. I’m assuming a interest rate of 6.5% – is this reasonable? I have excellent credit and am willing to put 20-25% down.
3) What other initial costs might I incur? I’m thinking maybe attorney fees to review the current lease and the cost of setting up a corp or llc. Am I overlooking anything?
4) What other costs might I incur on an ongoing basis? I’ve just thought about attorney and accounting fees – am I missing anything?
5) Any other gotchas or things I should be aware of?

Thanks for your help.

Cap rate of 6.5% on a NNN lease is not bad, especially since 95% of your responsibility with the property is taking the check from your mailbox to the bank. I would consider putting less down if possible, increasing your CCR (cash on cash return). Having an attorney look over the documents is a good idea, especially if he/she doesnt charge you $800 for some light reading on the office sofa. Setting up and LLC is a good idea simply to limit your personal liability (you dont want to be sued personally for someone falling on the ice in the middle of the parking lot.
Look at the area of town….does this store bring in good customers or is there possible damage to your building because of problematic people?….what about traffic flow…can people get to the store easily?..Is it on a hard or soft corner?……

Happy Investing

Are they as easy as they seem with a decent credit score?

"no-doc" means no documentation. If it is a true "no-doc" loan, the lender will not verify income, assets(you still need money down), or employment. You need pretty good credit for these programs and there is usually an adjustment to the rate.

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I want to invest in the Caribbean and would like some advice in regards to this. I have not done anything like this before and would appreciate any help I can get with this matter. I have been told that the best mortgage to get is a US mortgage; because it is secured on the investment overseas not my UK investments.

Either try searching google.co.uk for "international mortgage" or email me and I can introduce you to a company that does this.

is it possible? is it permissible? i want to buy a plex and on the verge of closing a hardmoney loan to get it, i have the score for conventional stated just not the downpayment required. I have a real estate investment LLC, would it be possible to get an SBA loan just for the downpayment in order to get me started. any all tips welcome. thanks

The SBAdoes not make this kind of loans.