Posts tagged HELOC
How can I leverage the equity on an investment property I own without a HELOC or refinancing?
How can I leverage the equity on an investment property I own without a HELOC or refinancing?

There are two broad ways to leverage equity in real estate or any investment; selling the investment or borrowing against the investment. Beneath these two broad categories are dozens of specific strategies, with varying advantages and disadvantages . Scheduling a call to discuss your situation and desires would be the best way of determining a specific (possibly creative) strategy to accomplish your goal.

Full Article Also Covers:

  • Sell Part of the Property

  • Replace the HELOC with a HELOC

  • Be Wary of Advice to Roll the First into a HELOC

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InvestingJoshua Escalante Troesh, CFPReal Estate Investing, HELOC, 30-year mortgage
Is interest on a HELOC still deductible under the new tax law?
Is interest on a HELOC still deductible under the new tax law?

Based on what you have stated, your interest should still be deductible under the new tax law. Whether second mortgage interest is deductible is highly dependent on your individual circumstances, and many are confused by the new rules (as they are honestly quite confusing). You will want to . . . .

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Tax PlanningJoshua Escalante Troesh, CFPFederal Income Tax, HELOC, 15-year mortgage, Tax Planning, Tax Deduction
Should my wife and I deplete our cash reserves, withdraw from my 401(k), or use a HELOC to finance home improvements?
Should my wife and I deplete our cash reserves, withdraw from my 401(k), or use a HELOC to finance home improvements?

I would be hesitant to pay for the home improvement either through withdrawing from a retirement account or getting a HELOC. Both options will increase your risk and harm your ability to enjoy a comfortable retirement over the long-term. There are other recommendations you should . . . .

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Life Planning, Retirement PlanningJoshua Escalante Troesh, CFPRetirement & Legacy, Retirement Planning, Buying A Home, Managing Wealth, HELOC, 401(k), 30-year mortgage, 15-year mortgage, Social Security