After a brief search, the IRS says-For tax years 2018 through 2025, if home equity loans or lines of credit secured by your main home or second home are used to buy, build, or substantially improve the residence, interest you pay on the borrowed funds is classified as home acquisition debt and may be deductible, subject to certain dollar limitations.

My business partner and I have been coming across off-market deals and have a flip opportunity in Gresham and a lot in SE Portland for a new build.

It needs a reasonable profit to build and maintain the business, keeping it viable during the down times.

**PITI is $522 a month (2%interest rate)** Actually cosmetically ready for renters and appears fixed up.On the inspection report the plumbing failed and it mentioned shifting soil in the foundation report. 

Mike,Under most Insurance policies for rented dwelling, apartment buildings, etc. that include Business Income or Loss of Rents coverage, it requires a covered loss. 

I've progressed from owning fixer upper duplexes in the north end of Winnipeg where I would do the renos myself late into the night; to purchasing large apartment buildings to acquiring properties in 13 different cities across Canada and the United States. to now buying office buildings and institutional-grade grocery-anchored retail centers leased to national tenants and publicly traded companies like Walmart, Safeway, and Loblaws.Before 27, I achieved lean FIRE, all thanks to the inspiration and fundamental concepts from the BP podcast and the incredible people I've met along the way in this entrepreneurial journey by betting on myself, committing to lifelong learning, and nurturing an insatiable curiosity.If someone like me, who barely made it through high school and would be considered "unlikely to succeed" by my peers, can do it, so can anyone reading this.

BiggerPockets just went live with the property manager referal program last week.Click on the Build Your Team option at the top of your page.

Do deep checks on possible deals, including looking at the property, having it inspected, checking the title, getting legal advice, and weighing risks.

I am looking at MFH opportunity in San Francisco... everything looks great except for the fact that there are 2 protected tenants in the building...

Today another tenant in the building requested to get out of their lease because the toxic vitriol and constant nasty things that are being said about me and my staff has become unbearable to them.