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Updated over 13 years ago on . Most recent reply

Account Closed's profile image
Account Closed's profile image
Account Closed
  • SFR Investor
  • from Northern, California
  • Member since Mar 30, 2011
Connect
Account Closed's profile image
Account Closed's profile image
Account Closed
  • SFR Investor
  • from Northern, California
  • Member since Mar 30, 2011
Connect
Account Closed
  • SFR Investor
  • Northern, CA
0
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3
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Starting Out

Personal Loan to Purchase Property

Account Closed
  • SFR Investor
  • Northern, CA
Posted

There is a property I have been eyeing that I am interested in purchasing here in Arizona. The home is an older mobile home that has a fenced lot and is being sold for 23k. While I do have the cash, I do not want to drain my bank account to purchase the property.

If I were to take out a personal loan to purchase the property, strickly for this purchase, could I claim the interest for tax deductions?

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