Dear all,What's the definitive answer - and preferably pointer to authoritative resource - regarding deductability of interest on HELOC with the passage of new Tax Law? I do realize that HELOC interest deduction now o...
I'm considering a move into the mortgage industry to better align myself with my real estate investing goals. What advice can you give about the industry and what I should be looking for in a company?I would be transi...
I bought my first house near Camp Lejeune, NC about 6 months ago. I am house hacking and have roommates who pay the mortgage. I have a friend who is leaving soon and is willing to sell me their house for $200k when th...
I’ve already purchased 1 rental property (a duplex) this year with a conventional mortgage. I withdrew from my 401k for that as I am retired. I would like to buy my second duplex using DSCR loan which will require a...
Hi all - I'm a relative novice on the subject of using an IRA to invest in Real Estate and am familiar with the basics.I am in partnership with my father in "XYZ" LLC. Our LLC presently owns 4 properties (1 duplex, 1...
First off, I have to say that I absolutely love these forums. I've lurked around here for quite a while, and learned quite a bit. These forums have encouraged me to pursue REI. Because of my continous visits to these ...
I’m a 37 yr old IT professional, husband and father of two, looking to get into real estate as a long-term investment. I’ve done a flip in the past and it was profitable, but my thoughts keep gravitating toward rental...
I have $340K left on my rental mortgage and I'm refinancing it now.Got 2 options:1). 30 years fixed at 3.70% or $1,565 monthly paymentOR2). 10 years interest only at 3.65% or $1,030 monthly payment.I have no W2, so re...
I'm a new real estate investor and have been spending some time over the last few months to learn and build up my network. I met an investor in my local REI club that needs some additional private funds to grow hi...
I have seen several articles claiming that the deductibility of interest for your primary residence is on the chopping block to close our budget gap.
Does anyone know what is happening with this? Who is pushing th...