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Updated over 7 years ago,

User Stats

152
Posts
169
Votes
Mike Bonadies
  • Property Manager
  • Washington Twp, NJ
169
Votes |
152
Posts

Rental Room House Hacking Tax Benefits

Mike Bonadies
  • Property Manager
  • Washington Twp, NJ
Posted

Hey guys I'm new to the real estate world and I have a question on Tax deductions when it comes to purchasing a single family home and renting out the rooms to tenets in the Baltimore area.

I was looking into personally purchasing a 3 bed/2 bath house in Hampden, Baltimore using seller financing, living in one room and renting the other two out. If I purchase the house using seller financing can I:

A) Deduct the mortgage payment off my taxes?

B) Deduct appreciation off my taxes for my house?

C) Deduct expenses like repairs & cap-ex off my taxes?

Looking forward to the help!

-Mike Bonadies

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