This can help keep you in a lower tax bracket each year, potentially reducing the total tax you pay.

Though, keep in mind that HELOC rates can fluctuate with the market, potentially exposing you to higher interest rates down the line.On the other hand, a cash-out refinance could lock in a fixed rate, providing stability/predictability in your monthly payments.

So keep in mind that you'd need to replace that mortgage at new rates to correctly defer taxes (Although I'm not a CPA, ALWAYS confirm with one). 

To prevent cost overruns and delays, keep close tabs on project schedules and spending.The optimal strategy for financing your first real estate transaction will ultimately rely on your personal objectives, financial situation, and level of risk tolerance.

I manage an AirBNB in Sevierville and I’m a realtor, however, I keep the #s REAL.

Your answer would be it depends on a million things.Like the specific property, its condition, location to desirable areas, local STR regulations etc.We would need much more detail to be able to help.OBX is the acronym for the Outer Banks in North Carolina  This should be a great area if you can find the right property at the right price.You have to keep sifting through what is available till you find one that you like where the numbers make sense.I looked for 2 years when I was buying my lake house to find that great property.

A reserve is unnecessary, but I still keep around $15,000 - $20,000 in my account.The point is, that you should sit down and assess your finances to determine what the worst-case scenario may look like, how much you would need to cover it without impacting your life, and whether you will need to build a reserve.

Why I use HardMoney: Higher ROI on my Money I can keep more of my own cash in reserves in case something goes sideways.

Keep in mind by accepting responsibility to list it, you will also have to be mindful of all fair housing laws. 2 - Ask your insurance company for a quote, pretty simple.

I would keep the LTV down a bit if you can.