Malik Jackson
Should I use a HELOC to purchase my first rental property Thanks
Would anyone be willing to share how they used a HELOc on their personal property to purchase a rental property? Some of the details not to personal, just trying to get an idea if this is something I should do. Only l...
Anastasia Jordan
Stupid question: Can I use a tax deed property for spare parts?
Legit question.If I find a tax deed property, can I use it for spare parts. Example: remove door knobs from tax deed home I purchased to place in my personal home. Have zero intentions on replacing doorknobs in tax de...
Ian Loew
Can use a 1031 to Purchase a Property more than 100% More?
I am in the process of selling my condo in Montclair, NJ, which I have owned for 14 years. Since 2012 I've been renting it.
To avoid capital gains need to sell it by May 21, which is days away. (Taxpayer Relief Act ...
Diana Astilla
Can I use a 1031 Exchange to buy another property for cash?
Can I use a 1031 Exchange to sell my rental property and use the proceeds to buy another rental property for cash without incurring capital gains tax?
John Kilhafner
Can I use a property I haven’t rented yet on my P&L?
Can I report a loss for a property I haven’t rented yet because I came across items that had to be fixed ? This property is just now being put up for rent almost a year later because of items that came up and slow con...
Rodrigo Muller
How to properly use a HELOC to help finance first investment property
Newbie here, hope everyone is having a lovely day! I am currently educating myself and looking to get my first investment property this year. My current situation is, I own my primary residence in South Florida and I’...
Alex Martens
Would you use a personal line of credit to purchase a property?
Hi all,I am trying to find ways to fund my third RE deal. I was thinking that a possible solution would be to use a personal LOC to secure a property, then refinance into a conventional or portfolio loan. Assuming the...
Shanna Gregory
Help! Should I use a HELOC to buy my 1st Investment Property
Hello, I am new to investing. I currently own a home and have acquired some equity and I am looking to take out a HELOC. The plan is to either use this HELOC to buy a property outright for about 30K-50K, rehab it myse...
Akash Kakumani
STR - How much rennovation & To use a property manager or not?
The location is more accurately coachella, CA The location box didn't have that city so I put what I saw was closest. Anyways onto my question:There are a lot of tax incentives to having an STR if you do it yourself. ...
Cullen Eckert
Deed restrictions that could restrict property use as a Short Term Rental
All,I have a short term rental in the Texas Hill Country that is in a neighborhood that has deed restrictions. I recently got a letter from a group of neighbors notifying me that the deed restrictions restrict use of ...