Quote from @Mary Jay: Quote from @Jay Hurst: Quote from @Mary Jay: hi guys,so I have a lot of equity in one of my rentals but the interest rates are super low on it. so I dont want to do a cash out refinance on it because I dont want to lose the 3% interest rate on it.I want to get some cash out of it via Heloc or another vehicle,  so I could buy another rental, but its not my primary, so I cant get a HELOC on it from lots of banks....I think PenFed does helocs on rentals, but because I have more than 5 rentals, I dont qualify for their HELOC loan.IS there a bank that would give a HELOC/cash on a rental?

Being an out of state investor and having a full time W2 profession along with other responsibilities as a mom, this was exactly how I wanted my investments handled.

Is the backup to use it as an STR during these months?

@Omar Fernandez - you can start by reaching out to some attorneys, NYC is an attorney city so you'll have to get an attorney involved (who usually orders the title search). 

I didn't have enough space in the Title:Novations where the investor uses a Limited Listing that puts them as the primary contact for scheduling showings, receiving/accepting offers and negotiating are brokering without a license.Novations where the investor actually hires a real estate broker to handle the aforementioned for the seller are not included. 

Here are a few standout types:Multi-Family Properties:Duplexes, triplexes, and larger apartment buildings are investor favorites.

Hi Dima, glad to have you on the forum! 

If you just have one rental you can probably get by with generic tax filing software.

My question is do I have to recapture all the depreciation for tax in 2025?

What information do you need to select cities that meet these requirements?