Noel Fleming Jones
Stated income mortgages
I've struck out on an ELOC for a house I own outright and on an FHA 203K, both because I'm self employed and don't show a lot of net income. Also, I've been in my business two years, but only one complete year, 2014,...
Kirsten Milliken
BRRRR finance confusion
Forgive me for not being patient enough to find this information in another post. I am confused about mortgage options in my BRRRR situation. I own a rental property in Indianapolis, which I bought in January using ...
Lucas Rowell
Utilizing property to reduce taxable income
Hello and Good evening BP Brothers & Sisters.
Tonight I wanted to post a question I have been thinking a lot about lately. "How could an investor best utilize property to lower taxable income"?
We currently own...
Thomas Sehon
Heloc or new mortgage
Hello all,I have a paid off home in Colorado and am looking to purchase a new rental property that we will live in for 2-3 years in South Carolina. I am trying to understand if it makes more sense to take out a HELOC ...
Jeremy Morris
Buying new house and using current home as first rental ?
I am trying to figure out a way to get started with my first deal without having to wait too long while waiting for my savings to grow. I have been thinking about possibly renting out my current home and buying anothe...
Jessica Sorensen
First purchase and 2-yr plan. What do you think?
Last October I closed on my first purchase! A primary residence, single family in midtown Sacramento. We had been house hunting since March, focusing mainly in North Oak Park (since we thought we couldn't afford midto...
Briana May
Primary residence of spouses
Is it possible for a husband and wife to each have a primary residence? We both qualify for a home on our own. Can we both get a loan on a primary residence? He has VA and I would do Traditional. If this isn’t possibl...
Chris Redfield
Feel like a newbie - Questions on financing multiple properties
I discovered BiggerPockets through the Spotify podcast and have become hooked, listening to 2-3 episodes each day and catching up on old shows.I currently have 3 rentral properties for a total of 4 units, in addition ...
Gregg Romig
Is a 30 year home equity loan’s interest tax deductible
Looking to do a cash out refinance on my paid off primary residence. A 30 year home equity loan is cheaper and better interest rate, are the interest tax write off’s the same as a traditional 30 year mortgage?Thank yo...
Alvin Taveras
Who Offers HELOC on Investment Property?
Hey Guys,I'm searching for a list of lenders who provide HELOCs. Who have you used recently?Thanks,