cwoodson28
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Moving out closer to work. Renting an apartment. I am okay with the long-term investment.. basically the rent should cover almost all of the mortgage.. I will p...
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The reason I see it as a problem is because technically that income isn't profit.. I'm using that rental income entirely to pay the mortgage.. Situation 1: I li...
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As I understand it, I thought the $27k mortgage payment had no bearing on the overall tax liability of rental property.Total mortgage payments made is not found...
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Opus, with respect to my comment about the land being worth far more than the property, I was just going by my last property tax bill where land was valued at a...
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I am not a real estate or tax professional so maybe I am missing something here but my mortgage including HOA fees is about $2250 not including insurance.. I am...
Activity Feed for cwoodson28
- Got Cheered for Will be renting out the condo. As I understand it,I will pay taxes on the rental income and also cannot deduct the mortgage interest leading to a double whammy of sorts?. May 30, 2024 10:14 AM
- Posted Moving out closer to work. Renting an apartment. I am oka... on Investors & landlords. May 31, 2019 5:57 PM
- Posted The reason I see it as a problem is because technically t... on Investors & landlords. May 31, 2019 5:57 PM
- Posted As I understand it, I thought the $27k mortgage payment h... on Investors & landlords. May 31, 2019 5:57 PM
- Posted Opus, with respect to my comment about the land being wor... on Investors & landlords. May 31, 2019 5:57 PM
- Posted I am not a real estate or tax professional so maybe I am... on Investors & landlords. May 31, 2019 5:57 PM
- Posted Hal_Al, that is true, on top of the mortgage interest and... on Investors & landlords. May 31, 2019 5:56 PM
- Posted Well before when I was living in the condo I was benefiti... on Investors & landlords. May 31, 2019 5:56 PM
- Posted Will be renting out the condo. As I understand it,I will pay taxes on the rental income and also cannot deduct the mortgage interest leading to a double whammy of sorts? on Investors & landlords. May 31, 2019 5:56 PM