Dan C.
How to Cash Out before 6 Months
Hi, I’m a first time cash buyer who bought 2 properties with my name on the property but am using private funding from parents as well (I pay them a monthly interest rate). I didn’t know about the 6 month refinance ru...
Sean Pedeflous
When to Re-Finance - Is there a rule of thumb to follow?
I'm sure this question has been asked a hundred times, but I recently purchased a duplex in May with a 7.125% rate. Now that it appears rates are coming down in the near(ish) future, what is a general rule of thumb on...
Tommy DeSalvo
Multi Family, four plex, initial and long term improvements
I just put a very well maintained 4plex under contract for 91k. It is fully rented and is in turn key condition. Now, the current owner hasn't raised rents in about 10-15 years, and they're about 90ish dollars below m...
Scott Justynowicz
How much does my credit score matter?
Newbie here. How much does credit score matter? I’m just getting into the education aspect and looking over finances and such. Is it worth my time and money to rehab my credit report?
Rahim A.
Is interest on a HELOC tax deductible?
Hello BP,If I take a HELOC on my personal residence, can the interest on this loan be tax deducted? The funds from the HELOC will be used to purchase additional investment properties.Thanks
Andrew Hoelzel
HELOCs and deducting paid interest
Hey team, tax question: I know, moving forward for 2018, that HELOC interest is tax deductible IF, for example, the funds are used for improvements to a home. Does anyone know how the IRS would know/track that? For ex...
Dan Colantonio
Hard Money to Conventional Loan
Has anyone ever purchased a property via a hard money loan and then refinanced directly after into a standard 30 year mortgage?I know I heard something like a person cannot refinance until 4 months after a purchase bu...
Natalia Barriuso
Bonus deprecitation, items that qualify
Does a new fence installation qualify for bonus depreciation? I am in the middle of a big renovation project and I am looking to maximize my bonus depreciation opportunities here. So far, I have kitchen, driveway, lan...
David Pham
Journal Entries for Property Purchase and Rennovation
Hello,I'm hoping a CPA/Accountant might be able to point me to the right direction on this issue related to journal entries. I'm stuck with how to classified the renovation that I did for the property in my book. Here...
Andy Vasquez
How Do I Complain About Freddie Mac
Freddie Mac created a new (I believe) rule around PMI. I refinanced in November 2021 and now I have ~25% equity in the house. I reached out to discuss removing PMI and they said that they DO NOT LOOK at the current va...