Antony Nguyen
BRRRSR strategy - not a typo - sanity check and tax implications
Hi Everyone!This post is 2 questions in one, if it's suggested I post these separately let me know!First off is my investment strategy. I have some capital to work with and can buy residential properties with cash. ...
Kassi Chappell
Tax implication of refinancing main home for granny flat rental
Hi BP,We are looking to do a cash out refinance of our primary residence (no outstanding mortgage). Half of it will be to convert our garage to a granny flat for STR. My understanding is that the tax treatment is the ...
Frank Wells
Tax implications of cash out refi to buy investment property
Thank you in advance for taking the time to read and/or answer my question. I appreciate your time. I'm, not sure how to pose this question either but here goes...I recently used a cash-out refi to purchase a SFR re...
Eric Turner
Tax Implications for Seller; duplex sale subject to current loan
I have a client selling a duplex. He bought the property for about $100K 15 yrs ago and refinanced the deal, pulling cash out about 10 years ago for $325K. So his basis is very low.We have an offer on the property f...
Kelle Jacobs
Tax implications of carrying debt on primary vs investment property?
Hi there,
My husband and I are first-time landlords due to a property inheritance. The home we inherited does not currently have a mortgage on it.
We are looking at refinancing our primary residence, and I'm thinki...
Jeff McNamee
Tax Implications for Rental Property With First Time Homebuyer Loan
Hi all- I have a condo I rent out that I originally obtained through a first time home buyer loan. Well my lender sent me a letter because they noticed this isn't my primary residence anymore and the loan states that ...
Roxanne Rose
cash out refi tax implications after sale of investment property?
Hi- here's my scenario and I need answers/suggestions around any loopholes or tax implications I should be aware of. This is all new to me but I think I have a plan. I want to do a $150,000 cash out refi on my investm...
Roxanne Rose
cash out refi tax implications after sale of investment property?
Hi- here's my scenario and I need answers/suggestions around any loopholes or tax implications I should be aware of. This is all new to me but I think I have a plan. I want to do a $150,000 cash out refi on my investm...
Cheryl Craigo
Home Equity Loans for Rental Down Payment and Tax Implications
Hi,
I am considering a Home Equity Loan (HEL) on my current residence (free and clear) to purchase a rental property. Is the HEL interest tax deductible considering the changes in the tax code? Thank you.
Phillip Austin
Tax implications of buying a rental in December vs. January?
Good morning,We are looking to see what are the tax incentives of buying a house outright in January 2021 or December 2020. We are new to the RE game and are looking for any advice that could be offered. If you have a...