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campbellsimon


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campbellsimon's picture
Name: 
Simon Campbell
Location: 
North Miami, Florida
About Me: 

Simon Campbell has spent over 15 years in all the various facets having to do with real estate including sales, purchases, investment and research. His experience also includes commercial and residential property management and even real estate appraisal. He is recognized among his peers as an expert in the real estate field. Now after gaining such a wealth of personal experience, Simon has changed directions and is now sharing his knowledge and experience with others through writing, mentoring and consultation.

Interests: 
Foreclosures, Real Estate opportunities

Topics I've Participated In

TitlePosterRepliesUpdated
Investing in Occupied Rentals mikedogg838497 years 15 weeks ago
running numbers on property before seeing property arod.2278 years 30 weeks ago
Understand Your Contracts RoyVoeks78 years 32 weeks ago
I will be seeing a bank that has two REO properties; questions... Ter Scott139 years 2 weeks ago
5 Easy Steps for Being a Successful Landlord randybailiff169 years 7 weeks ago

Basic Info

Occupation: 
Business Analyst

Sites I Visit

Homepage: 
http://www.bankforeclosuressale.com
Blog: 
http://www.bankforeclosuressale.com/wp/article-author/simon-campbell
Favorite #1: 
Google+
Favorite #2: 
Bigger Pockets
Favorite #3: 
Trulia

Guestbook

On 23:57pm, January 6th, 2015 Jaydot511 said:

Quick question

Thanks for responding to my thread regarding investing in a second property.

Here is my story:

Jaydot511

Member
Posts: 9
Joined: 2010-10-11
Points: 44
User is online Online
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Hi Simon,

Here is the breakdown on my first home purchase that I am not living in (rent both floors out right now):

- 2 Family Home purchase of $280,000 at a 3.5% down payment.
- Current outstanding mortgage balance = $253,000
- I generate roughly $800 profit/rental income from the home.
- Current appraised value = $415,000

With all that information, do you think it is still worth refinancing, if so, please help me paint a vivid picture.

All in all what is your advice. Is it all worth it?

Thanks in advance for your help!