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All Forum Posts by: Louis Lim

Louis Lim has started 1 posts and replied 2 times.

General Landlording & Rental Properties

Post: Home Equity Line of Credit

Louis LimPosted
  • Posts 2
  • Votes 1

Thanks Satyam, I am planning to use the money to remodel my current home and make monthly payment overtime.  Will the monthly payment become tax deductible as a business expense when I rent it out?  I have money save for down payment for my new house.  Is this make sense for tax purpose? 

0 Votes
General Landlording & Rental Properties

Post: Home Equity Line of Credit

Louis LimPosted
  • Posts 2
  • Votes 1

Should I apply a Home Equity Line of Credit to remodel my current home to prepare for renting? I am buying another house and will be applying for a new mortgage in about 6-7 months.

Thanks for any advise. 

1 Vote