I understand the new rules regarding the tax deductibility of HELOC interest, but I have a situation that isn't quite so straight forward. I have a HELOC and used a portion of it to pay off a silent second mortage on ...

Are Tiny Homes/Mobile homes subject to a 5 year depreciation schedule (personal property) from a depreciation perspective, or should they go over a 27.5 year schedule?

Hi all- Our tax accountant informed us there there were changes made by the IRS last year regarding "rules/guidelines" on how you can categorize expenses when rehabbing a rental property (not flipping). We, like many ...

Hello, all. I'm a long time lurker/researcher. I have finally graduated from graduate school and I've been pre-approved for a mortgage. I am a veteran who wishes to use the VA loan to acquire my first property.  I hav...

Hello all, first off thank you for taking the time to read this post...I believe I have found my first viable rental property and I was hoping that some of the more seasoned rental gurus would be able to take a look a...

Greetings. Does anyone have a lender who will allow me to get a loan on a house I paid cash for. I've invested several thousand fixing it up. Now I'd like to pull cash out and move onto another project. I'm running in...

I bought a 1400 sq ft 3 br 2 bath HUD home in late 2012 for ~$130k after closing costs in Puyallup WA on a 15 year fixed mortgage at 2.875% interest. (Why 15 year? Wife listens to Dave Ramsey and the difference was on...

If I sell an investment property for say, $500,000, using a 1031, can I buy two new investment properties for 200K each with 100K for repairs if it is wrapped into the loan?

Hi everyone my is Carlos i am currently in Costa Mesa. I am planning on not resigning my lease and starting of my RE venture. I have done some research on ADUs and have come to conclusion that getting a house near a ...

What’s a good rule of thumb to follow when starting a business or owning multiple properties for how much you should set cash aside to go towards the mortgage, expenses, emergencies and paying yourself? Thanks in adva...