Heidi Rechek
Out of state Primary turned rental
Investment Info:
Single-family residence other investment in Beaver Dam.
Purchase price: $75,000
Sale price: $131,500
primary residence for 7 years , then turned rental. Finally sold to renter after ...
Geoff Eccles
Depreciation recapture when converting to own use
Hi all. Quick question as I’m having a hard time getting clarity via the IRS publications... ;). One of our rental properties is a condo in SoFlo - owned, rented and depreciated from 2012 until the end of 2018, at whi...
Michael Osborne
2nd VA Loan Down Payment
I may be purchasing a new primary residence with my remaining VA loan entitlement. I just received my COE and it shows the first property (now a rental) purchased with a VA loan is using $90,083 of my entitlement. I l...
Ed M.
Typical rate spread for Investment property?
I am shopping for a refinance on my rental, single family home.>40% Equity<$75,000 loanI was quoted 3.0% 15 year, paying 2.125 points.Each point is worth 0.25%, or so I hear, so this equates to approximately 3.5...
Andrew Whicker
Tax Credits / Grants / Etc for 'Green energy'
Hi,
I would suppose there is something out there that may give me tax credits or similar if I opt to use solar power or another alternative energy at my personal house or my rental property, no?
Does an...
Patrick Stewart
house-hack roadblock - need advice
My wife and I have considered a few options for expanding our real estate portfolio. We believe that house-hacking is our best bet. However, we refinanced our current primary residence 4 months ago. Our ideal scenario...
Ethan Griffel
HELOC on investment
I currently have a HELOC with an outstanding balance on my primary residence. I'm curious if I were to move out of that house but keep it as a long term rental would I be required to close that HELOC? I know most bank...
Chet Pat
Interest rate payment and tax deduction
Hi, I know you can deduct your interest rate payment (on your mortgage) from your Gross income. I have a question about the cap - The limit on deduction is $1,000,000.00. Does this mean that the maximum you can deduc...
James Wise
Home sales to Foreigners went down in number but up in value
Home Sales to Foreigners—Down In Number but Up in ValuePosted in Economist Commentaries, by Jed Smith, Managing Director, Quantitative Research on June 22, 2015 Share on facebook...
Alex Shipp
Subleasing FHA Mortgage
I have a home that I've been living in for 5 months with an FHA Loan and was thinking about renting out one of my spare bedrooms while I still live there.I know the FHA requirements is that the home must be owner occu...