Until then the baseline for LTV calculations is the purchase price ($100K), so no ability to refinance out cash* For residential (my name / fannie mae, freddie mac lending), before 6 months they can re-appraise, but the loan can't be a "cash-out", the max loan amount is the financing basis - so if the title work said the 1st lien was $90K, that is max loan, if $140K then that is the max amount

You need to be calling every day and making sure your list of personal and property damage is extensive and very detailed. 

NY is SLOW and you need to call everyday to get the ball moving.

NY is SLOW and you need to call everyday to get the ball moving.

What is the basis I should be using to track the depreciation?

it takes the right person to say, ‘that’s what I want to do every day!”

-The Days on Market (DOM) figure for single-family homes fell from 51 to 26;-Total property sales rose 9.2 percent with 12,036 units sold;-Total dollar volume increased 26.7 percent to $4.3 billion;-The single-family average price increased 14.0 percent to $380,233; -The single-family median price rose 15.2 percent to $310,000; -Single-family homes months of inventory registered a 1.9-months supply, down from 2.6 months year-over-year and below the national inventory of 2.6 months;-On a year-to-date basis, single-family homes sales are running 17.4 percent ahead of 2020’s record pace.

My understanding is HELOC provides the flexibility to use the line of credit on an as needed basis, but has variable interest rates.

If you use an S-Corp, then the losses will be hung up in the at-risk rules, because the shareholders will not be able to use the company debt as part of their basis. 

Listen to this, every day for a week.