This would allow you to access some cash for other purposes ( Tax Free) because a refinance is not a taxable event.

Rent cannot be more than 50% of income, 59% if it is non-taxable income.

They lowered the “taxable value” by 40-50% and then raised the tax rate about 35-45% lowering everyone’s taxes that year.

Costs after it’s placed in service are deductible as rental expenses.If you need help tracking these costs or categorizing them for your tax return, consider working with a tax professional or using software that helps you manage rental property expenses.

If you want real yield or cashflow, you have to buy in a non-vacation market that is not top of mind for an STR.

Hey BP, My name is Jerome Brown and i have some real estate experience. I started off wholesaling and I closed on 7 properties. I took a break because of my trucking career with being over the road for three weeks at ...

Hey Zach,I work with a lot of non US citizens on the investment side.

I’ve read quite a few posts about foreign investor financing but most seem to deal with non-citizen investors without US credit or personal tax filings.

Generally speaking, with SFR or small multis, I just rely on the lease/rent roll (and some form of proof of payment; i.e. bank statements, deposit receipts, tax returns, etc.). 

Can you make a higher return than what the interest rate on the HELOC?