Hi, can you share the correct way how to calculate the 2 house situation?
I have the first house bought before 2017 and my beginning principal balance was around $0.8m and ending balance of 2020 was around $0.6m. mortgage $25k.
My second house was bought in August 2020 with a balance of $0.4m and then a ending balance on Dec. 31 2020 of $0.3m, mortgage of $1k.
I am not sure if I have $1m or $1.1m cap on the indebtness either.
Thanks,
