20 January 2025 | 4 replies
This is obviously much better than $1,400 per month.On top of that, you will now get 2x the depreciation write-off so your taxes should go down.On top of that, you will now get 2x the appreciation when real estate price go up.On top of that, your tenants are helping you pay down the loan, initially at about $100/mo for both properties, which gradually gets better and better.On top of that, you now have more units so if one or two goes vacant, you have more renters covering the losses of the vacant units.If you want to keep these properties, I would do a cash-out refi and go buy more rental real estate.
21 January 2025 | 1 reply
If you need financial help, ask under the "Finance, Tax, and Legal" forum.
19 January 2025 | 11 replies
What is the interest rate on borrowing compared to the rate you are earning, then take into consideration the tax consequences.
21 January 2025 | 2 replies
Rent is below market rate for the general area.
19 January 2025 | 10 replies
The interest rate on a HELOC or Heloan may be better than the personal loan.
19 January 2025 | 10 replies
But, you still own house and benefits are as follows.1. tax benefits2. principal payoff on your note.3.
20 January 2025 | 8 replies
However, some amenities consistently deliver high value because they attract more bookings, increase nightly rates, or result in better guest reviews.
20 January 2025 | 3 replies
Some people only want 10-20% of their outstanding lines/debt balances available while the other 80-90% to be in fixed rate notes.
20 January 2025 | 3 replies
Quote from @Michael Overall: Good day, If an investor has 10 rentals and wanted to over time sell them and put the money tax free from a 1031 toward a large purchase is there a process to do that?
20 January 2025 | 1 reply
So I have my house that refinanced in 2020 for a 15yr 2.5% rate and we have about 56k equity.