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?

I have two methods of financing (business loan or VA home loan) Ik the VA is much easier but I didn’t know the business side so I’ve been going with that as my primary to learn the ropes.

Yes it's difficult to overcome all these issues. that's why i am asking for recommendations here, I already know that its very difficult to get a mortgage via traditional methods. 

@Jonathan R.

. , right now we r paying him a 7 % of the cost of the rehab. 

Entrances would be limited, and guests’ temperatures would be checked with noninvasive methods.

With the Corona Virus pandemic going around I'm curious how many of you collect rent via online methods. 

Being this was my first investment, I was torn between selling or doing the BRRRR method, before I knew of bigger pockets.

@Evelyn MooreFigure out what your investing goals are.Learn about various methods of real estate investing.Pick one that matches your goals, abilities, and interests.Work hard.

We have a simple W2 and single rental so that's what I was leaning towards as well, the Turbotax route, but wanted to make sure i am not missing something major here.I did some quick googling and it looks like Turbotax and H&R Block software both support depreciation out of the box.