MYTH: transferring debt to heloc will pay Debt off soonerBUSTED!

It can still qualify if it's a fixer-upper, as long as the rental income from the property can cover the debt service.

There is almost no scenario where a condo would ever positive cash flow while servicing debt, and very little positive cash flow with no debt.If your budget only allows for a condo, find a better place to put your money to work.   

Yes  I think the best move here is to asses your total monthly debt and see if a cash out refi will help decrease the total interest and monthly debt obligation.

What if you're a cardiologist with no debt and making $250,000 annually?

When the IRA invests in real estate using debt not only does it have to be non-recourse but the IRS says, you can use leverage but since you aren't only using IRA money for this investment the retirement account is going to pay UBIT on the income generated because of the debt. 

The name (former tenant) looked familiar and sure enough when we looked at the credit report there was the debt from us from 2023. 1.

With a loan, a person takes on a Debt Obligation. 

Hi Nathan, thank you for giving me some context.

There is no UBIT because your investment isn't leveraged with a mortgage or debt.