Great for HELOCs in TXFulton Bank, PA, NJ to 75% LTVGFA Federal Credit Union 10 yr draw, 10 yr repay, MA, NHGolden1 California HELOC Sacramento ValleyGolden West Credit Union, Salt Lake UTjGranite State CU, NH 90-100%Great Lakes Credit Union, Chicago area ILGTE Financial, Tampa, Sarasota area FL w 2 yrs tax history on propertyHanscom FCU, not TX or NYHarborOne, RIHSBC 70%, for premier clients only.

I couldn't stick a capital gain tax on my mortgage company.

@Forrest Brown,  I'm never a fan of telling anyone that writing a check for taxes is the best idea, but it does depend on your goals and your potential tax liability upon sale. 

If you're weighing between purchasing a primary residence and renting spare bedrooms versus buying the entire property, which is more tax write off advantageous. 

Instead, the lender wants to see that the monthly income from the property can cover the principal, interest, taxes, insurance and HOA (if applicable). 

🧮It sounds like you have these priorities for your next PNW property besides the standard FI road map:- Something that has positive ROI (appreciation + cash flow + tax deductions + loan paydown) purchased at $1M with 20% down and ~6.8% interest.

Income Verification - Paystubs, W-2s, Bank Statements, Tax Returns.

In fact, the rule of thumb in the industry is called the 50% Rule: that 50% of the rent will go toward non-mortgage expenses (vacancy rate, repairs, maintenance, insurance, property taxes, management, accounting, etc.).

There are also additional costs of operating and maintaining an LLC, like separate bank accounts, annual report filings, tax filings, etc.2.

I'd deeply appreciate any recommendations you can share based on your experiences, as well as any tips or potential pitfalls to watch out for as we navigate this expansion.Thank you all in advance for your time and insights!