All Forum Posts by: Greg Seivert

I'm reading Amanda Han's Book On Tax Strategies, about taking every possible tax deduction.  A question the book doesn't seem to answer- If I deduct everything I can doesn't that make the property cashflow less or even take a loss on paper?  And when I try to buy my next investment property, mortgage brokers don't want me owning properties taking a loss.  So would I be shooting myself in the foot when trying to scale and deduct as much as possible at the same time?  How do you find a balance with this?  What am I not understanding?

I'm a somewhat new investor on the Big Island.  If you find wholesalers in Hawaii, keep me posted!  

The house is in St. Augustine, Florida.  

Many thanks for the feedback!  I was under the impression that banks/credit unions would only do HELOCs on a primary residence, not second or investment properties.  Maybe that's incorrect?  

David Greene answered a question on the podcast and I want to ask about everyone's personal experience with this.  Like many investors now, I have equity in properties with interest rates under 3%.  Should I cash out refi to a 5%+ rate to reinvest the equity?  The current cash flow gets squeezed a bit in order to go for more appreciation and cash flow from additional properties.  David Greene says go for it.  What do you say?  

@Steven Goldman Thanks so much for the input!  Patience on the long and winding road is the name of the game.  

@Alexander Puentes I live on the Big Island of Hawaii.  House hacking opened doors for me to start investing, so I highly recommend it.  

Thanks Grant!  It was in good condition when I bought it, so no rehab was necessary.  I used the heloc for a down payment, so I'm basically getting 100% financing.  If I understand correctly, it looks like I'm waiting for the market value to increase about 20% in order to pull out equity.  In this market, that may not take too long.  

I took out a $100,000 heloc on my primary residence (that I am STR house hacking to great success). I used the heloc to buy my second vacation rental, which is also cash flowing after 9 months in. I'm eager to recycle that original heloc and repeat the process! Do I have to wait for the value of my second rental to increase 20% so I have enough equity to cash out refinance and reinvest? At the expense of higher monthly payments and a higher interest rate? Would that be the best strategy? I'd love to hear your thoughts!

Try Alan Van Zee from Hawaii Mortgage Company.  Good luck!