I am setting up a HELOC on my personal residence to use for RE Investing. I currently have one multi family property that I bought to buy and hold and want to continue that strategy.  The line will be for $100k and s...

Quick question here.  If I do a cash-out refinance and use the extra funds above those used to pay off the original mortgage to purchase a new investment property is interest on the entire new loan deductible?  For ex...

Hello all my name is William and I'm still on the hunt for my first property. I'm about to get my preapproval and hopefully my first property soon thereafter. The question I have is I was planning on using my HELOC fo...

Hi All,Thanks again to all the great contributors here on BP.  I am still sucking in info but really need to jump in with action.  To that end I am looking at a potential duplex purchase using private money to fund th...

Hi. I am wondering if its possible to changed a HELOC loan as in terms of the payment. It's 1% now even though the agreed upon payment was to be interest only. I got shocked when I opened the letter I recieved and was...

I have a deal in the making that I’ve never done.
Here’s the scoop
It’s seller finance.
Cash would be $159kI would need to discuss this with my attorney but the nuts and bolts would be $184K purchase price, 7% in...

Hey Guys & Girls. I'm new to BP and this financial Journey. I'm in the process of buying my first home to house Hack. it's a triplex completely empty. I noticed my interest rate was 5% (FHA 30yr). When I asked my...

I have the opportunity to purchase a property via short-sale, but it requires a cash purchase (won't qualify for mortgage). After I make repairs I would like to finance it and rent it out. I believe for rental mortgag...

What a basic question. I'm doing 2015 taxes before the deadline.Purchased a flip in 2015 and got a hard money loan and sold it in 2016. Since it wasn't sold until 2016 it's not reported on 2015 tax filings.   My quest...

Good morning,                 I took out a personal loan for RE investing in order to bridge the gap in the acquisition and then I am going to cash out refi. Can I write off the interest on the personal loan and will ...