Max Smetiouk
HELOC from Primary residence to buy land and tax implications?
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...
Joia B.
Mobile Home Park Investment Opportunity
Hi all!I sold my investment property last week and am hoping to do a 1031 exchange. I've been looking for a while and haven't been able to find anything that makes sense within my budget, and the amount I'm preapprove...
Denis Ponder
Vacation/2nd Home Loan Parameters
Good afternoon,Can someone point me to good information about vacation/2nd home loans? For example, if I purchase a property this way, what requirements do I have to meet/follow (use it so many days a year, etc)? I ...
Ryan Beckley
My loan officer might be suggesting Mortgage Fraud
“Well you can always just state your intent is to make it a primary residence. Once you get the property then whatever, life happens you may change your mind if you catch my drift” - this was followed by a laugh.
...
Miguel Del Mazo
My thoughts (FWIW) on MTR Arbitrage
MTR arbitrage is a useful tool to have in your tool chest, and like all tools, it has its uses along with its positives and negatives.
MTR: Medium-term rental (usually between 1-12 months)
Arbitrage: renting from an...
Jennifer Dargento
Realistic beginner strategy? (Las Vegas)
If I set a goal to house hack for my first BRRRR property using either 203k loan and/or small multi-family (duplex, triplex or quad) in a B class neighborhood in Las Vegas in 2024, would you say this goal is realistic...
Tim Woodbridge
Analyzing mobile home parks
Hi all-
I'm looking into purchasing mobile home parks here in South Carolina. How does one analyze these? Do you treat it as a commercial property and base things off gross and net operating income?
Thanks in ad...
Jeb Vachuska
Financing a Rental Property
I recently had an offer accepted for my first rental property. Its a duplex outside Milwaukee WI which would cash flow about $600/month. After putting $2500.00 in Ernest Money down and being pre approved for a traditi...
Scott Kennedy
Converting Primary Residence to Investment Property
Here is the situation. Two lenders are telling me different things. I own a primary residence and one investment property. I have a 3 year history on my tax returns of managing investment properties. The LTV on ne...
Marcus Mackey
Single family Home
I purchased my single family home two years ago. And refinanced a year ago. Im looking to buy a home for my mother. Is there a way to get a loan to buy the house without putting 20% down?