Feel free to reach out anytime with questions or when you're closer to making plans—I’m here to help!

Even if the property was financed with debt in the last 12 months, capital gains are tax-deferred or tax-free within the Solo 401(k).4.

What do you guys think about this strategy of opening up a HELOC in hopes of freeing up some of my other capital.  

Shout out to permit professionals like Roy Hasson (just a friend in LA specializing in navigating permit process - this is not a business play we do not work together), who are dedicated to helping others and will likely develop similar resources to support their communities through the rebuilding process.If you’re working on rebuilding efforts or have questions, feel free to connect with me—I’d love to collaborate.

Start with BiggerPockets Ultimate Beginners Guide (free).

This is much lower than the costs associated with refinancing.Benefits of Mortgage RecastingLower Monthly Payments: The most immediate benefit is a reduced monthly payment, which can free up cash for other financial goals.Save on Interest: By reducing your principal balance, you’ll pay less interest over the life of the loan, potentially saving thousands of dollars.No Credit Check or Appraisal: Unlike refinancing, recasting doesn’t require a credit check, income verification, or home appraisal, making it a quicker and simpler process.Keep Your Current Interest Rate: If you have a favorable interest rate on your current loan, recasting allows you to maintain it while still lowering your payments.Drawbacks of Mortgage RecastingRequires a Lump Sum: Not everyone has the cash on hand to make a significant lump sum payment, which can make recasting inaccessible for some homeowners.Doesn’t Shorten Loan Term: While your monthly payments are lower, recasting doesn’t reduce the length of your loan.

Feel free to reach out if you need any recommendations or assistance with your projects.

Whether you need advice on selling your property or transitioning to your new business model, feel free to reach out!

Hardest step in everyone's journey is to pull the trigger on a deal.

It's free to sign up for an account and the savings account has a very competitive interest rate.