Also this brings out my question regarding the taxes but that can be asked another day.

Welcome @Gabrielle Pascua please let us know if there are any questions or ideas we can discuss to help you with your REI journey!

@Vinvi Gucci, a few questions/comments:I would think YOU (and your wife) through your LLC should be getting a loan buy/refinance the house AND transfer the deed solely to your LLC at the same time.

Hoping for some advice. I’m looking at purchasing an old single family house on a 25x100 property with 25’ of frontage on Summit Ave. in Jersey City’s Heights neighborhood. It’s in an area that was recently rezoned fo...

Great question Alyssa and good to be thinking through at this stage.As @Jason Taken mentioned above, it's important to first identify your goals.

Questions: 1.)

The HEI/HEA is not feasible because of the percentages most companies are wanting to take (some are over 50% of the appreciation from the date of the HEA).The biggest question is that we'd be losing our 2.875% rate, which will be paid off in 15 yrs.

This doesn’t help you, but the question is how do they do it?

I get asked about this by my clients, here are some common questions maybe you can answer? 

But I also want to add that I would speak to a local agent or even an attorney if you have questions, in case I am wrong, which happens often enough.