As a side note, if I run up the full balance on my house LOC, I will be under the 1M limit, but I will not be using the money to improve the property that secures the mortgage.

Let’s hope the summer weather improves the situation, a vaccine is created and this becomes some kind of a learning experience on how we react to health crises moving forward.

I house-hacked during the two years I owned, made cosmetic improvements, the home appreciated and I sold while avoiding any capital gains.

Hi! I'm a freshman in college from the Philippines. I currently have a dilemma and I was wondering if the BiggerPockets community could help me. I'm currently 19 years old. I want to acquire my first property and beco...

That's where things might improve. 

Natalie Kolodij (Moderator) - Accountant from Charlotte, NCreplied about 14 hours agoOriginally posted by @John Kwon :So interest rates are tanking so I was about to refinance and take cashout from some properties.But, speaking with my accountant, I found out that interest on the refi will not be tax deductible because I am not planning to improve the property.So this mean that BRRRR method is no longer a good method at least from tax deduction point?

While you are leaning all the ins and outs of being a landlord (like marketing, leasing, contracts, dealing with tenants, evictions, taxes, etc), you can also learn the market more (like neighborhoods, property values, correlations between physical condition and value, etc) and improve your home construction knowledge (too much to list on this one).

The building does not get top dollars and lots of vacancy, but still cashflowing a lot (enough to cover mortgage payments) and that also gives huge potential for improvements in the revenue in the future. 

If anything it's improved our business.

Likely to Revise 2020 Forecast Downward, But Not Dramatically: The situation remains fluid, and conditions could deteriorate beyond what is currently envisioned depending on the severity and duration of the outbreak, but if current economic forecasts of modest declines in GDP growth are realized, the effects of lower rates should help to offset the effects of a slower economy and increased economic uncertainty such that California would still achieve a modest improvement in both home sales and prices this year.