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Results (10000)
Chris Carrigan LLC or Umbrella
3 October 2023 | 13 replies

Having a hard time making the decision on putting a new STR into an LLC or just getting an Umbrella policy.  In NC it costs about $450 a year in fees for the LLC (Annual Report and Franchise Fee).  I currently pay a C...

Anthony Pollachioli Breaking into the rental market with Inheritance property
23 June 2024 | 14 replies

I have been reading about the costs to build a duplex and begin renting, but thought my situation was a bit unique and so I decided to make my own post.
A few years ago we inherited a house and land in town close to ...

Rob Jones 3.3 Million HELOC's getting ready to reset
16 August 2016 | 1 reply

I was reading this article this morning and thought I'd share it with the subject matter experts on the forums. It looks like about 3.3 million HELOC's will be resetting to fully amortizing loans over the next couple...

Antoinette Munroe Should I build or buy my first rental
22 August 2016 | 1 reply

I recently purchased and rehabbed my first property (a 2/1 SF in a great area). My initial intention was to use a HELOC to add a 1/1rental by closing in the carport and screened porch. This addition is designed as a c...

Vanessa Chow Appraisal Dispute Advise
25 August 2016 | 2 replies

I have been working with Wells Fargo to set up a HELOC on my rental property in CA. The appraised value comes 15% under from what Zillow, Trulia and Redfin say. The 3 websites estimates are very comparable. I have ...

Colton Joseph Two HELOC's on a otherwise paid off house. Is it possible?
23 August 2017 | 0 replies

Good Evening All!I am looking for creative/low cost ways to fund a spec home and have a question about pulling equity out of my current residence.I have a newly built homestead house that was just appraised at $260k. ...

Greg Pugh Notes, Taxes and Reporting
12 April 2018 | 1 reply

I used capital from a HELOC to purchase a note. Is the interest payments for that HELOC an expense I can deduct somewhere in my taxes? And if so, where? 

Ann Harvey Home Equity Loan, HELOC, or Cash-out Refi?
18 May 2018 | 2 replies

If someone was thinking about buying a second home and keeping the first (living in one and both producing rental income), as a way to invest so there's money in the future for retirement, is it better to do a home eq...

Amrik Basi 1st post on BP | HELOC question
13 August 2015 | 1 reply

Hello BP:This is my first post on BP and am looking forward to gaining some valuable insight from the community.We recently purchased our primary residence with a HELOC and wanted feedback on how to invest surplus cas...

Reagen Natho Applying for Heloc Immediately After Closing on Investment Prop
27 October 2021 | 1 reply

I have been under contract a little over a year on an investment property that will be used as a vacation rental. The market I am buying in has appreciated significantly and I should have somewhere around $250k in equ...