Kyle Steiner
Is Interest on a Rental Property HELOC Tax Deductible?
I'm getting a HELOC on a rental property I own and I'm wondering if I'll be able to deduct the interest on my taxes. I plan to use the funds exclusively for the purchase of rental properties and/or flips and related ...
Michael King
How do you back out of a deal?
Good morning everyone, I have two contracts that I've had approved by an attorney; an Offer to Purchase (with a section for subject to financing) and a Lease Option. Both forms contain exit clauses. The Offer to Pu...
Josh Wallace
Pay off your mortgage using a HELOC
My mom came to me today asking about a strategy she heard about where people are paying off their mortgage in 5 years. I was very skeptical about this and told her not to do anything before she did more research. In h...
Vinson Lee
Is 1 million the max tax deductible loan?
HI All,I'm confused about something that I'm hoping you guys can help explain.I've heard that generally when you are buying a primary residence that the interest one only 1million dollars of your loan would be tax ded...
Adam Milewski
Waikoloa Beach - Hawaii
Considering buying a short term rental - wanted to know if anyone here has had any experiences, good, bad, ugly? The financials look pretty sound to me. HOA's are high, but overall seems like a good bet on the outs...
Tom Lewis
Looking for Income property Kaua’i Hawaii
I’m looking to purchase or manage rental property in Kauai east/north side. Just recently got my Hawaii license and have a lot of history/experience in management both long & short term rentals... I’m looking to s...
Michael Sweet
STR in Maui or Hawaii - anyone cash flow positive
Anyone making money on vacation rentals in Kihei or Hawaii?
any tips? location? condo complex? is it possible to run 4 or 5 as a job?tI would like to buy, rehab, furnish, and run enough to make a living?so far I only...
Jess Archives
50/50 Partnership, Deductions, and One Name on Loan
I’m trying to understand how to structure a 2 person partnership.Money and profit is split 50/50.But the loan will be in my name. We’re doing the first few purchases with an Operating Agreement only.Does anyone see an...
Daniel Hoffmann
PMI Tax Expense / Deduction on Rental Property
I believe PMI is no longer tax deductible in schedule A, but is it still a tax reducing business expense for rental properties?I found this article on the IRS website but this cannot be true.https://www.irs.gov/faqs/s...
Nicole Sena
Owning primary residence then qualifying
Can I have an investment property loan after already living in primary residence that I own or would that affect the debit to income ratio to qualify for investment property loan?