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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...
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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 ...
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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...
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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...
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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 ...
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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. ...
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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?
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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...
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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...
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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...