All Forum Posts by: Tyler Burlison

Thanks, everyone. I appreciate all of your insight!

Thanks Michael. Yes, I was referring to self-directed IRA possibilities.

Hi everyone,

From what I understand about short-term real estate gains, a way to avoid them is to buy another and do a 1031. Are there other ways to shelter the gains from tax? The amount will be between $30-40k in gains. Would it be possible to open a self-directed IRA for funding deals in the future and not have to pay taxes if I put it in an IRA, assuming I could put the entire amount in it? Just wondering if there are any other options besides having to buy another property.

 Matthew, 

Thank you for your reply. Stupid question, will I need to have a signed lease first before doing a DSCR cash out refi?

OK, so attempt to get the refi and cash out prior to listing it to avoid any issue with list price hindering the LTV amount. I did not think about that and it is very helpful. Thank you!

Thank you Logan!

Hey everyone,

I'm sure this topic has been addressed several times but it seems I keep getting different answers when talking with different lenders vs. what I've read online. 

I am rehabbing a property and would like to consider cash-out refinancing after renting it. The lenders I speak with say that cannot be done until 12 mos of ownership and the refi would be based on the original purchase price. 

Is the new rule that you cannot cash-out refi until 12 mos, or does it vary by lender? If it varies by lender and I can find one that would do it after 6 mos for example, would their rates be exorbitant?