Hi,Could someone share any IRS experience or their stance on tax deductions changes that went into effect after 2017?Question, can i use HELOC from primary residence to buy land somewhere else and be able to deduct in...
I have a HELOC on my primary residence in Nevada. I'm investing in SFR in Missouri. My currant goal is to a accumulate 10 SFRs, and then reassess.I'm trying to figure out the best way to get there. I'm currently do...
So I have a four unit property we bought for 505k fha 3.5% down 3.75% interest rate, that we’ve had for a year and looking to cash out refi to get a second property. BUT I’m not the appraisal will come back high enou...
Would anyone be willing to share how they used a HELOc on their personal property to purchase a rental property? Some of the details not to personal, just trying to get an idea if this is something I should do. Only l...
Hello, Looking to get advice on what is the best option for my situation. Here it goes: I have an FHA Loan on my primary residence (currently in forbearance) with PMI of $208 per month @ 3.375% interest mortgage rate....
Hi, BP! My husband and I have HELOCs on two of our four rental properties, and we used them to purchase and renovate our new primary residence. With interest rates higher now, and with some misunderstanding of the ter...
Hello All, I have a scenario which I am planning on implementing which I am looking for feedback on whether it’s a good idea. I currently have 2 properties, one is a townhouse in Northern BA which I have rented out...
Hello all! My wife and I begun our RE investing journey about a year ago leveraging 2 HELOCS on our primary resilience to purchase STR’s. We are cash flowing pretty nicely now and we’re wondering if right now is now a...
If my primary residence has $500k HELOC, could I use it to purchase a 2nd primary residence and rent out the first one?And if so, as I'm paying down the original primary residence HELOC, in the future, can I use it ag...
Getting a home equity line of credit (HELOC) is one of the easiest ways to leverage your home equity and buy your first rental property. But what is the best way to use one? Are there any drawbacks? After today’s deep...