Reporting these expenses on your personal tax return (likely Schedule C for a sole proprietor) could result in a net loss that might offset other taxable income, reducing your overall tax liability.

Quote from @Natalia Perlova: Quote from @Marcus Auerbach: Agree with the last two posts.

The risk analysis and mitigation is all over the map.We have done very well over the last 15 years.

You now have a $1,000 loss and can use that in your taxes.

You are basing your claim of damage solely on the time the seals lasted not on the type or cause of the damage.

So, in your example it might be at 9% interest rate which would make the weighted average HIGHER than taking out a mortgage at today's interest rates because the 2nd mortgage would be 3x as much as the 1st mortgage. 2.

However, I do think the experience was great for what it was worth and for how long it lasted.

We just made our first investment with them at the end of last year and can only say good things about them so far.

Last question, how significantly would the APR improve if we leave 30% in vs 25% or 20% on a HELO? 

Today, that building generates enough passive income to cover his annual retirement contributions.You mentioned taking the 10% penalty, which I’d only recommend as a last resort.