Hi all, I’m coming to this group because I’ve now gotten different answers from different cpa’s and I figureD this might be the best place to help resolve this or see if I need a third opinion. I’m trying to understan...
So I own a rental property here in Denver. It has between $250k-$300k of equity in it at 3.25% interest rate. I gross about $1,200 a month after I pay the mortgage. Mortgage is $2,500, rent is $3,750. I'm looking to p...
I am frustrated with the poor quality of information for my situation — maybe y'all can help!My permanent address (tax home) is near Knoxville. My work will soon be taking me to North Carolina. I am fully prepared to ...
I recently purchased a rental property and discovered it needs more extensive repairs than I originally anticipated. If I rent out my current primary residence, I could generate over $1K in positive cash flow, so I'm ...
Hey all,My wife and I own a "second home" in Reno Nevada which we purchased with 10% down and were planning to purchase another one, but our lender told us that we can't get another loan for a second home within ~100 ...
I have a HELOC on primary residence. Its been great using it for buy and holds. We have since bought and moved into a different primary residence making my first primary a rental. Question is.. can i get another HELOC...
Hello all,
I hope someone can help me to answer following question…. It’s R.E tax question.
If someone has paid off property in CA (lived more than 10 years as a primary resident), and decided to move to a different...
So my wife and I have a significant amount of equity in our home. I am interested in using the equity via a HELOC to purchase my first rental property. I am curious as to how this process works and am looking for so...
Hi there,I'm pretty new to Bigger Pockets, but have been doing a lot of research on the forums and blog posts sections of the site and have listened to over a dozen of the podcasts. Still in the learning phase and jus...
I was wondering if there were significant differences in obtaining a mortagage for income property (apartment) versus a personal dwelling.
I believe interest rates for income property mortgages are higher, and it mak...