I would like to discuss the balance of being an agent-investor, or investor-agent (whichever way you identify).  

At the end of 20 years you’ll have appreciated to $530,660 and the loan balance decreased to $103,142.

Why on earth would you assume the mtg balance is the sales price?

You take the place of the existing borrower and "take over" their mortgage at the current balance, rate, and terms, and the existing borrower is relieved of all responsibility. 

IF you have had the card for a while, ask if they can increase your credit limit than do a balance transfer.

It’s like any loan....your Dad still owns the house, you need to get the Actual Current loan balance.

I try and balance my reading among different topics so I don't get bored. 

So for those folks who are interested in utilizing the first lien heloc strategy to speed up the mortgage acceleration process this can be that option if you dont own a primary residence.Previously the AIO loan, a first lien position line of credit, was only available for primary homes and second homes.Here are some interesting facets about the product that make it different than HELOC's:- interest is calculated daily based on the balance that is left over at 12AM- The AIO loan comes with a checking account that moves over any cash in this account against your loan balance at 12am each day which is where it gets its name as a sweep account.

Therefore, you will want to confirm that the trust company allows for investing in an LLC and the associated fees and minimim balance that applies to the IRA account.2. 

The following year, I used the double-declining-balance depreciation in 2017 for the same item .