All Forum Posts by: Greg White

Excellent answers! I appreciate everyone's input!

If PMI for rental property mortgages is tax deductible, then is a 20% down payment as important as it would be for a home you would occupy or live in? For a rental property it seems like you can do a lower down, get more leverage and not feel so much of a big sting on PMI fees if a decent portion of that PMI can be deducted on income taxes under an LLC. Would this be correct?

That's great information! Thanks!

If PMI for rental property mortgages is tax deductible, then is a 20% down payment as important as it would be for a home you would occupy or live in? For a rental property it seems like you can do a lower down, get more leverage and not feel so much of a big sting on PMI fees if a decent portion of that PMI can be deducted on income taxes under an LLC. Would this be correct?

I know one of the strategies I hear frequently on the BP podcasts is to purchase a single family home investment property, fix it up to increase the value and then refinance - taking profits to use as a down payment to purchase another property, presumably right away. The question I have is, "How many times can an average Joe do this until the bank lenders consider them over extended?" After all, every time you accumulate a new rental property, you in turn increase your debt on paper substantially and you also presumably affect your credit score in a negative way.  So in-general, could one "really" expect to acquire an unlimited number of conventional mortgage loans for single family home investment properties - as long as you can produce a 20% down payment??