If the Fed does not increase buying of mortgage-backed securities, the mortgage rates will not drop significantly.

Thanks,Ani I recommend putting in a security screen door.

J, came across this post from last year and for the first time I am running into a project that significantly overlaps tax years.I use your CoA for Quickbooks and your general Cogs accounting technique.  

I would use the HELOC for a down payment on the prospective investment property and then try to secure a conventional loan(right??).

Given your situation, we can look into options for securing a loan for the land purchase.

My question is, should I pay-off my primary residence mortgage to 1)Get peace of mind and some sort of security 2)Opportunity to borrow from my equity if needed 3) Extra cashflow to save and invest in another rental property in the future OR should I keep my primary residence mortgage (due to the low interest rate) and purchase another rental property instead?

Real Estate “Enhanced ROI” TechniquesSummary of advanced techniques used in real estate transactions to enhance return on investment, yield and velocity of capital resulting in greater wealth1.

Carry interest of any debt secured by property.I don't believe "necessary" is a word in the statue.  

I'm fine with combing the market for deals, just trying to find a way to legally secure financing without a due on sale clause raining on my parade.

The journey's been exciting on my end, especially helping investors secure the financing they need.