@JooYung Choi So your saying house hacking is a great start?

@Philip Choi You may be better talking to an accountant but generally whenever you pay out of pocket is when you're going to deduct the repairs and treatments.

@Lisa Choi, thank you!

Quote from @Lisa Choi: Hey Ryan, San Antonio can definitely work for short-term rentals, but a lot depends on the location and local regulations.

@Lisa Choi Hi Lisa, thanks for your comment!

Lisa Choi Thank you.

Quote from @JooYung Choi: You could consider going for a STR in a vacation market that will give you way more cash flow to pay off the HELOC quicker.

Best,Lisa Choi

Now, 3 years later, i have not been able to pay off the primary residence heloc which has stayed at its $125k balance (im 36 and married with 3 little kids in daycare so daycare costs have taken over).I'm trying tro figure out if its worth cash out refinancing and paying off the $125k HELOC balance at the current 7% interest rates?

Best,Lisa Choi