All Forum Posts by: Jerry D.

Thanks looked at doing this a couple of years ago but looks like I have to start from scratch again because fannie and freddy are crazy and change the rules all the time.

Anyone know any in Texas?

Anyone know banks that are doing cash out financing for rentals you own outright. I want to leverage a couple of properties I am planning on buying in cash.

Another article I found that said you can do it one of two ways.

http://www.inman.com/2013/06/21/benefit-from-tax-deductions-on-vacant-land/

I found this online. Doesn't make it true but it says you can deduct it off of other income?

http://homeguides.sfgate.com/write-off-vacant-land-34144.html

Ok thanks. So as long as it isn't generating any income I can't write off anything. But when I got to develop it or sell it later I can then use those expenses. If I am reading that right. Thanks for the help

What about financing it? Can you write off the interest?

If you purchase a lot with the intention of building a rent house on it can you write off any of the taxes or maintance (lawn mowing) or driving to the property to make sure no one is dumping or squatiing on it?

Would love to hear a few more opinions.

Sorry I should have said I will be managing myself. Thanks for the help.