All Forum Posts by: Ammon Jensen

I have been using a HELOC (8.3% interest rate) for Mortgage notes to make 10-12%. If am lending personally am I able to write off taxes from the interest from the HELOC, or would I only be able to do that with an LLC or S-corp?

Chris, thank you for the reply. I have the sufficient credit, and I would have the dti. I currently own a home and am looking to upgrade and then rent out my current home. I could pay the mortgages even without renters. I just don’t have the capital to buy the property and materials for development.

I built my current house, and looking to build my next one. You’re absolutely right, I would not enjoy paying 25%.

I'm looking to use a credit card stacking for my LLC to get up to 370k in financing at 0% for up to 18 months to buy a property and then develop it, the property would then be worth approximately 500k or 75% LTV. Once complete, I would do a quit claim deed to myself to be able to get a conventional 30 year loan. Does this seem possible?