Fausto Carosella
Refi of Primary home no longer deductible? What about house hack?
Hey all,So if I'm understanding this aspect of the new tax law, the mortgage interest is only deductible on ACQUISITION debt for your primary residence... correct? Meaning if I get into a house with a higher interest ...
Paul C.
Investment Interest or Passive Interest?
If I take out a loan to fund an investment in a notes fund, is the interest paid on the loan "investment interest" that goes on Schedule A or "passive interest" that goes on Schedule E?I found the following in "The CP...
Michael Gibek
$1.1 million mortgage interest deduction post new tax law
Before the new tax law, the interest on up to $1 million on a mortgage secured by a primary residence could be deducted on scheduled A. Likewise, the interest on HELOC up to $100k could be deducted in the same way. I...
Karen Lee
HELOC interest expense deduction
Hi - From what I've been reading there are restrictions on HELOC interest expense deductions. Does anyone know if I take out a HELOC on my primary residence and draw funds to purchase/improve rental property (1) will...
Jenny Alejandro
Coronavirus and Real Estate Market
The real estate industry is being hit by the coronavirus. And as a consequence of COVID-19 many other industries such as supermarkets, shopping centers, restaurants, airlines, hotels, airports are suspending their wor...
Joel Florian
Looking to invest in Hawaii
Summary: I want to become a real estate investor in Hawaii. And I have a bunch of questions. Any advice is appreciated but specific answers preferred.1. Should I sell my $400k home in Alaska or try to rent it out?...
Kate Christenbury
Deduct mortgage interest on vacation home
If I do a cash-out refi on my primary home, and use the money to pay cash for a vacation home, can I deduct the entire mortgage interest? Or can I only deduct the amount that I owe on my primary home? It seems odd tha...
Jennifer Van vlymen
New tax law on HELOC
Looking for answers about HELOC live in California With the new tax law in 2019 My husband and I have enough equity in our house to pull out a HELOC was wondering if it’s still taxable if we use it towards the purchas...
Ephraim Lett
Non-resident. Can't qualify for mortgage but want to invest.
Does anyone have recommendations as to what steps I should consider? I am organising to acquire about 28000 USD but as I cant get a mortgage, should I buy a house for that price?
Nick Williams
Qualify for primary residence when you work out of area
I am trying to qualify for a first time home buyer conventional loan, but I work on ships for more than half the year. However i intend to be occupying the home whenever i am not at work. A lender informed me that i ...