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14 February 2024 | 1 reply
Here’s how it works and the tax implications:Financing Options:HELOC: A line of credit that lets you borrow against the equity in Property A as needed.Cash-Out Refinance: Refinancing Property A for a higher amount than the current mortgage and taking the difference in cash.Home Equity Loan: A lump-sum loan that borrows against the equity in Property A, typically with a fixed interest rate.Tax Deductions:Interest Deductibility: The interest you pay on the loan (whether it's a HELOC, cash-out refinance, or home equity loan) used to purchase or improve Property B can be tax-deductible.
14 February 2024 | 2 replies
Heloc rates right now are typically higher than a 30 year mortgage.
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14 February 2024 | 0 replies
These guidelines are typically outlined in the community's governing documents, including the Declaration of Covenants, Conditions, and Restrictions (CC&Rs), bylaws, and any amendments or resolutions that have been adopted over time.
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14 February 2024 | 4 replies
I'm curious to know if this is typical. $1000 termination clause?
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14 February 2024 | 5 replies
This allows investors to bypass the typical waiting period and refinance up to the original purchase price soon after buying the property.
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14 February 2024 | 5 replies
These platforms pool funds from multiple investors to invest in a diversified portfolio of real estate projects.Real Estate Investment Trusts (REITs):REITs are companies that own, operate, or finance income-producing real estate across various sectors.
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14 February 2024 | 0 replies
The second email was from an investor who invested with Spark the end of 2021 and more recently invested with another operator who is a friend of mine - someone I like and respect very much.
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15 February 2024 | 10 replies
It's a like a typical suburb where the homes and land underneath are fully owned by the homeowner, but all of the houses are mobile homes.
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16 February 2024 | 46 replies
Do they typically want a commission or portion of the rent?
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14 February 2024 | 5 replies
Delays typically arise when applicants fail to submit the requested documents alongside their applications.