All Forum Posts by: Ahmed Iqbal

@Jennifer Rysdam , I heard Tom Wheelwright mentioning in one of the podcasts stating that going forward you will not be able to deduct HELOC interest which was used for investment properties on the personal returns. But nothing precludes as an investor to loan to the LLC and then LLC make the loan payment to deduct interest expenses on the LLC side. So that might be something that @Eric Nelson might be alluding to.  The logistics would still be the same way, Jennifer had mentioned.

@Blake La Grange@Rob Hakes   Fellow Ramseyites.  I do not dispute the power of living of a debt free life but l would say that to use debt to buy responsible investment properties is something that I have embraced just like both of you did.  I am also on the waiting list for Spartan and this thread from Blake and @Chris A. was very helpful to fill in any gaps such as the PM cost of onboarding and lease-ups.  I do own SFRs in the twin cities in a partnership but planning to buy a property in Birmingham as well.

I Found Charles to have the heart of a teacher and tremendously enjoyed the conversation. Kudos to Mindy for booking him to the podcast. 

Hi:

I live and invest in Dakota County. If you are meeting somewere in the South, please let me know.  I have just joined BP and have not attended MNREIA events yet, but planning to.  

Thanks,

Ahmed