Just keep that in mind, and don't spend your HELOC money on depreciating assets, like vehicles, toys, vacations...

Land Trust seems a good title holding vehicle. 

But if you own secondary property such as a rental home, vacation property, or even a co-owned property like a timeshare, these count.Extra Cars – Your primary vehicle will not count, but any additional cars and recreational vehicles do count as assets.Life Insurance – The cash value of a life insurance policy also counts.

Those of us who chose real estate investing as our business vehicle, still get “high” from successfully concluding a “deal”.  

Term soley focuses on protection, and depending on the provisions provided by the company, there are term policies that can convert into whole life throughout the policy's coverage period (Yes, they are out there).Whole life, and thisbis my opinion, is one of, if not, the greatest savings strategy and tax advantage vehicle in our nation'a history.

My income is mostly from rental property (single family) but I still do some residential construction (mostly remodeling).my pickup (07 Tundra has a transmission issue - for now just a check engine light) will need replaced within a year or maybe two. 1) Construction Co.Would make the most sense for a serious deduction but since I've focused more on rental property my construction company doesn't gross enough to make the purchase of a new vehicle a viable one, probably get audited and then not sure what they would do.2) Rental property wouldn't make sense either because it would be an administrative nightmare ( CPA says) to divide every expense up per each home.If I change to having them all owned by a single LLC then if someone won a lawsuit against me, I could lose it all.Deductions for now since I use my truck for Construction, Rentals & Personal is based on  mileage or I just get the standard mileage deduction (7k).Just trying to be wise before I just do something.Any thoughts on this would be appreciated.Thank you, Joe

I also recommend getting a mileage tracker so you can deduct vehicle expenses (there are many phone apps available).

That's great and you have to work with what you've got, but make it a point to get that thing sold, whether it be contract or another vehicle, if its 30+ days between tenants.

Hi Hannah,Yes, that company is still going strong and I even use them for our vehicles.

Unfortunately, vehicles are personal property, and what you have is abandoned personal property.