Michinori Kaneko
HELOC interest no longer deductible for tax purposes
Hi, Looks like taking out HELOC to purchase additional investment property is not as beneficial any more (still beneficial! just not as). The interest paid on HELOC to purchase investment property is no longer tax de...
Matthew Cervoni
Standard Mileage Rate Increase!
To all those who put a lot of miles on their vehicle for their real estate business, The IRS has increased the optional standard mileage rates to 62.5 cents per mile for the rest of 2022 (starting 7/1). The rates from...
Alexander Sergov
House Passes bill Hiking Taxes for homeowners
Congressional tax reform bills. Today, the House passed a bill that would reduce the value of the mortgage interest deduction, eliminate the deduction for state and local taxes, and cap the property tax deduction — in...
Jared Slater
How does Standard Deduction change affect which debt to retire?
With the increased Standard Deduction for 2018 I'm not sure if I should work towards retiring my home's mortgage, or one of my rental properties. The difference between interest rates is at most 1%. With the tax chang...
Ericka G.
Lifestyle inflation vs. reasonable standard of living increase?
I’ve been frugal my whole life. My family jokes that my older brother started borrowing money from me when I was six (he was 16) because I always had $ stacked. But now I’m reaching a point where I want to splurge a...
Joseph Mceneaney
Increased in rent each year what is the standard amount ?
Increase in rent each year what is the standard amount 2% I am the new landlord and my tenets are going into the second year
Chris Stephens
2020 The Year of my Crazy Luxury House Hack
Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $1,600,000
Cash invested: $550,000
My personal residence. I rent the basement and the DADU in the back for a...
Jon P.
The hypocrisy of tightened lending standards and the increased presence of PMI
With lending standards just now beginning to loosen from a historic tightening, I find it bizarre (and frankly, offensive) the idea that Private Mortgage Insurance will now be something that will be permanently affixe...
Alex Molina
Lease Renewal. What is the standard rent increase rate (1%, 3%, 5%, etc)?
Hello, I have a rental in New Haven, CT (3 Beds/1bad). It's currently renting for $2095 and the tenants are going to complete their first year in the property and intend to do a lease renewal. According to my property...
Rich Hupper
paying down a 30 yr fixed mortgage
Hello I know that these loans have predetermined payment schedules for every month of the 30 yr note. My question is what if I make a large principle payment? Will the large principle payment allow my next regular pay...