And you have the longer-term solution of REI.

I’ve got a single family townhouse long term rental.

If you have a lease that is currently in place, you have to keep the terms the same until it ends and then have them sign a new lease with the new terms (give them the proper notice required).

So, no new deeds need to be done until the existing deeds term has ended.

. $10k in losses will reduce the federal tax due by $1.5-2k.However, the state tax due gets lowered by a very small amount by using passive losses to offset passive income as I assume state tax rate is quite low (I live in TX, so never worried about state tax) compared to long-term capital gains rate of 15-20%.

The consensus, not surprisingly, was that we are in uncertain times but there are certain societal and market fundamentals that make residential rental property, aka SFR and BFR, extremely attractive asset classes, short-term, mid-term and long-term.

Maybe they are making a bit more of the 10 year product, maybe they strongly believe that rates will be dropping and you will refi so the lower rate makes sense in the short term.

Hi Claude,HELOCs are used usually for short term purposes.

The house I'm buying will be used as a long term rental.

I could understand if I was looking for hard money or private lenders but I figure if one bank would approve a conventional mortgage on a property most other banks would as well at the same or similar terms right?