I'm contemplating purchasing a 50K square foot warehouse and either converting to cold storage, ghost kitchen or self storage.

Sorry, my mistake about the 12%loan thought I read that must be somewhere else.The idea is while you are contemplating what to do either wait or sell paying down a high interest loan might lessen overall losses but just tossing ideas out there.

That's why I was contemplating flipping so that I can hopefully get a large cash infusion since I am unable to cash out refi right now. 

I would love to hear your honest feedback as I am currently contemplating between a few of them. 

It is somewhat difficult to construe that travel constitutes "services" or "participation" as contemplated by Congress or the Regulations.

I've been contemplating the idea of an Airbnb for sometime and have been reading all I can for the past year or so. 

Nice discussion sir I am following this thread as I have contemplated the same.

So I'm exploring the option of involving family members as investors in my next flip, borrowing funds from them at a 10% interest rate, resulting in approximately $1,000 monthly payments.To simplify this arrangement, we are contemplating the creation of an LLC that includes the lenders.

I was contemplating a no prepayment penalty after 10 years, atleast hes made money off it.

Since, I don’t have to worry about family situation; I am contemplating on renting out my primary home and moving to second home and starting rehab work on the second home.Advantages:1) Reduces my immediate liabilities even if there is a tad bit of negative cashflow.2) Since I did significant amount of cash out refinance over a year ago, converting it into an investment property I should be able to take full deduction on the interest I would pay on the entire amount original loan plus the cash out refinance, correct me if my understanding is wrong.Possibly, all the maintenance and improvement work I did in 2023 on primary home could be used as expenses to make the property ready for rental (unsure about this though)3) If I never move back to the primary home and keep renting it for at least a couple of years or more and eventually sell it I could potentially do 1031 exchange and buy a couple of other properties somewhere else.4) I can finally rehab the second home without having to worry about going out and finding another job first.Questions:1) What tax implications I should consider in converting primary home to investment property?