Hi all - I'm looking to pull a HELOC to finance first property / properties out of state (I'm in Cali). Have about $400k in equity in home and considering starting with $100-200k HELOC to have funds available, and to ...
Hi, we converted our previous primary into LT rental in January 2022. It’s been rented since. Purchased in 2018 at $325k, it is now valued at roughly $410k. Is it too late to get a cost seg and take bonus depreciation...
Cost segregation is an amazing tax savings tool. Many know the standard benefits such as accelerated depreciation and bonus depreciation. But did you know that there are multiple other added tax benefits of a cost seg...
Hi! I am a first-time investor and have to decide whether to go with a 4.5% 30 yr fixed rate with 25% down on a multi-family or go with a 5/1 ARM 4.25% 25 yr amortization schedule with 20% down. I plan on holding th...
I have property that sitting with about 170k-180k equity at the moment. I am trying to buy a STR property in my area. What would be the best choice HELOC or CASH OUT REFINANCE?
@Mindy Jensen Mindy it would be great if you can twist one of the CPA on BP to do a nice post on the effects of the new tax bill.. as I know the threads will start to run wild with you can do this you cant do that....
If I take equity out of my primary residence by doing a cash out refi, and that equity is used to buy a rental property, is the mortgage interest deductible? Everything I've looked at seems to point to it only being a...
I may be thinking about this way to hard. However, I am also a newbie to REI and the tax implications therein. My scenario is simple: Single family home purchased by me and in my name, mortgaged property, and rente...
I'm thinking about becoming involved in real estate investment now that I have free time on my hands. In particular, I want to buy, rehab, and rent out properties (long term holding). Eventually I'd like to get my h...
I have a question regarding modifying a defaulted 1st lien on a property. Here is an example. The original payment was extremely low, say $200. It was since defaulted on years ago, and now arrears have accrued. Is the...