If you had a good "investor friendly" CPA he/she would write off enough to give you the deductions you need to help counter your W2 or 1099 income.Reason I say sell the first home is even with $40K in equity its not worth it to do a cash out refinance.

My banker will be happy we have more built-in equity on our LTV.We will lose a few customers, but even if those units never rented again, we will be farther ahead with the rate increase. 

I have about $60K in 401(K) accounts and approximately $100K in equity in my home.

John, I am transferring over for tax break purposes as I plan to sell this property that has over 250k in equity, can you elaborate on your preferred reasoning behind keeping it on your personal name? 

We currently live in Maryland and have $135-140k in equity in our primary residence.

An average of $300,000 in equity in fact.

Like say you have $50K in equity in another building.

I currently own a lot of land in Miami florida and its worth around 50k. im looking to pull out 15-20k in equity but cant seem to find anyone that loans on land assets. let me know BP fam

Currently working with a Tech student and investor (won't tag him unless he wants to chime in himself) on a short sale deal that is providing him with massive amounts of built-in equity out of the gate since he was able to get it so far below market value.

I hope to contribute as I grow myself and help others.For this discussion, I have a duplex cash flowing $1,500/month with $220k in equity.