All Forum Posts by: Steve Graham

Thanks Chris.  I'll get in touch.

Steve

Does anyone have a referral for a tax accountant in the SF bay area who deals with rental properties on a regular basis.

Thanks.

Steve

Hello Bay Area BP Members,

I am doing a build out of a garage in SF - converting to a bedroom.  Any recommendations on contractors who will come to the city.

Thanks.

Steve

Sorry I was not 100% clear.  Looking for a 30 year fixed.  I'm at 4.25 now but based on what I have been quoted prob 4.75 is best I can do.  Looking for a credit union or small local bank

Shout out to SF Bay area folks.  I'm looking to do a refi on my investment property in the SF.  Any recommendations on lenders to talk to.  Several banks have only offered 50% loan to value and I would like to do better.

Thanks.

Steve

Joe Welcome to bigger pockets. I am in California and have several investment properties here. The market here is pretty crazy so I have been looking in the Dallas area for some buy and hold opportunities. Would love to connect with you to discuss opportunities there. I'm currently refing my properties here and want to put that cash to use. Steve

Brie,

Thanks for getting back to me.  I'm talking about a homeowner interest deductions so it looks like I can deduct all of it.

Steve

I posted this last week.  I got one response but was hoping to corroborate.  

I did a remodel on my house 1 year ago (cost 275k). Now I am doing a cash out refi (almost 400K). I believe I can take a mortgage interest deduction on the 1st 100k no questions asked. My question is whether I can retroactively use the renovation to take the mortgage deduction on an additional 275k.

Thanks.

Steve

Thanks Upen!  Good news.  I will follow up with a tax person to confirm but good to know there might be hope.

I am currently doing a cash out Refi on my home in order to free up some money I put in on a renovation/inlaw build out this past year.  My understanding is that I can only take 100k worth of the mortgage deduction for this unless I put the money to use on a real estate improvement or purchase.  My question is whether that can work retroactively.  Basically I have pulled out 400k.  Can I use the money I put into my renovation last year (275K) as a way to justify taking an additional mortgage deduction on 275k of the 400k.

Thanks.

Steve