Originally posted by @Harish Ananthapadmanabhan:@Jay Hinrichs Thank you for your feedback!

The property owner can give those to the appraiser also so he can put it in his data.

.: Quote from @Account Closed: From SEC site - https://www.sec.gov/Archives/edgar/data/1721469/000110465924..."

(replacing the original HELOC debt) However whether the interest for the  additional $200kish of loan  will be deductible will depend on 2 things: -How were the renovations paid for?

If you have the data easily available, can you give us cash flow figures throughout the 13 years? 

Refinancing isn’t an option yet because of the way we purchased it (unless someone has a bank that will look at the deal differently) our original plan was to pay off our balloon in early 2027 when it is due which the bank will treat as a purchase and then we would wait until we are able to refinance so probably 2028 and then we could pull out a good chunk of equity at that time.

Gain is sales price less cost to sell less adjusted basis.Adjusted basis is original purchase price plus improvements minus accumulated depreciation.

Note origination where the borrower owns multiple properties with little or no debt, needs a loan for an acquisition, but can’t produce proof of income sufficient to get institutional financing.  

They do minimal at best verification of the data the applicant provides.

Originally posted by @Gerhard Listander:@Roshan K.Ya I know it looks sketchy and defeats the purpose of the LLC but I figure if I kept the funds seperate and can prove that they were used for business purposes only it wouldn't be so bad as a temporary fix.