I'm finding banks have a maximum amount they will loan on a primary home Heloc.. So, I'm thinking it may work to get 2 HELOCs from different banks. Say I have a primary residence that is worth about $1,500,000 and i...
Hi, I am in the process of purchasing my first home. I would like to eventually move into another home and keep the original as a rental property. However, I have heard mixed reviews on how much of a downpayment would...
Investment Info:
Single-family residence buy & hold investment in Cedar City.
Purchase price: $295,000
Cash invested: $24,000
Bought this 26 acre property just outside of the city where we reside...
Investment Info:
Single-family residence buy & hold investment in Asheville.
Purchase price: $62,000
Cash invested: $30,000
Remodeled a home that was slated for demolition from a 5 bd / 1 ba to a...
Hello everyone,If I purchase a second home , and use it as short term rental property as well, am I eventually taxed on capital gains, even if gains are under 250k? Or is it the same taxing as a primary residence?Than...
Hello, First post here, newbie to the forum and site- looks to be a great resource! Hope this is relevant.... I own one of two rentals outright (single family)and looking to leverage it to purchase a third rental (rea...
Hello! I am considering a new build near Nashville and wanted to reach out to the community to try to get in contact with someone more familiar with the process. I am planning on building for a house hack.I have many ...
Hello BP,Can someone explain to me if I can write off my PMI when I go to file my tax returns? Thanks!
I am working with a client who is purchasing a home that he currently rents from the home owner. He has used short term room rentals at his residence through AirBNB for about 6 months with the permission of his land...
I am trying to get in to the world of rental properties, through a strategy like BRRRR or likewise, but am curious about the logistics of loans and getting a primary residence on top of this.What I am wondering is: ca...