Kin Meng Sio
Is primary residence HELOC interest tax deductible?
Hi,I live in Washington state and I have an in-state 4-plex currently under contract with conventional financing. I plan to use one of the following options to partially fund my down payment + closing cost:1. HELOC fr...
Patrick Cash
Hard money loan in Alabama
I have good credit, a great income from a 20+ year old business. I am buying property in 3 sections (3 different family members) from an estate.
I have 2 of the deals done but need about $150,000 for the final 3-4 a...
Chris Coleman
Tax Deductible of Cash from Refinance of SFR
Does all of the cash from a Cash-Out Refinance on a Rental Property have to be re-invested in order for the Interest on the new loan to be fully tax deductible?Or can you do something else with some or all of the cash...
Michael Babb
Rental Property Dilemma
I currently own a few rental properties in the Colorado Springs, CO area, but have one in particular that I could use some advice on and how I should move forward.The short story is, I purchased this home in 2006 when...
Charles Perkins
HELOC vs Home Equity loan
I'm working on a short plat and will be building another house on the new lot. I'm in the process now of looking at financing options for the build. I prefer a HELOC to a loan. I'm interested in your thoughts.
Matt Said
HELOC lenders 4 unit owner occupied in Chicago?
Wondering if anyone has any recommendations on where to get this specific type of loan. At this point, I don't care if it is interest only vs. prinical + interest. I own & live in a 4 unit in Chicago and it seem...
Franky Na
Canadian looking for mortgage options for US property purchase options
Hi All,I am in the process of purchasing my first investment property in Texas. I am a Canadian looking for Loan Officer and Mortgage Brokers who specialize in helping Canadians and DSCR Loans.Looking to see-1) What's...
John Wolff
Here's an Innovative Strategey
If you are purchasing investment properties and hanging on to them for a while, doing lease options etc... you can greatly improve your cashflow by doing an interest only loan on the property, you lower payments drast...
Account Closed
Wholesaling tax certificates
My friend acquired a tax certificate property for $5k. I'm about to wholesale a it for $15k. In this case, the owner has 6 months to redeem. From my understanding, the owner can buy the property back within the specif...
Timothy Au
Downpayment: Should I be using a HELOC or my own CASH
Hoping to get some advice.
I've been buying my investment properties with 25% down of my own money and recently another investor recommended that I should be using my HELOC for the downpayment to allow me to write o...