Comments on: Investment property rent paying mortgage on second investment property? http://realinvestormatch.com/investment-property-rent-paying-mortgage-on-second-investment-property Real Estate Leads Sat, 03 Apr 2010 14:16:01 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: MadMan http://realinvestormatch.com/investment-property-rent-paying-mortgage-on-second-investment-property/comment-page-1#comment-31 MadMan Fri, 12 Mar 2010 15:41:28 +0000 http://realinvestormatch.com/investment-property-rent-paying-mortgage-on-second-investment-property#comment-31 The mortgage lender will look at their income in its entirety to determine whether they can get the loan for the second property, along with all the costs and income they have. Paying cash for the first property will be a good thing wrt this. Their taxes will be look at the rental property as a separate business for them. Therefore the IRS will look at their income from the rentals and their costs, which include mortgage interest, insurance etc. The mortgage lender will look at their income in its entirety to determine whether they can get the loan for the second property, along with all the costs and income they have. Paying cash for the first property will be a good thing wrt this.

Their taxes will be look at the rental property as a separate business for them. Therefore the IRS will look at their income from the rentals and their costs, which include mortgage interest, insurance etc.

]]> By: kemperk http://realinvestormatch.com/investment-property-rent-paying-mortgage-on-second-investment-property/comment-page-1#comment-30 kemperk Fri, 12 Mar 2010 15:08:36 +0000 http://realinvestormatch.com/investment-property-rent-paying-mortgage-on-second-investment-property#comment-30 yes, net profit never heard of it....it might not be legal. yes,
net profit
never heard of it….it might not be legal.

]]>