All Forum Posts by: Jessie Xu

Thanks @Brent Coombs and @Ashish Acharya! A follow-up question:

Say I have 100k remaining balance on investment property A, and then I took another 100k out and purchased investment property B. Should I deduct half of the mortgage interest (interest of $200k) to A and half to B?

Any process I need to follow to prove the proceeds was not for personal use? ( For example, is it OK if I deposit the cash to my personal checking account and wire it later when purchasing B?)

If the cash out comes from my investment property, and I take the cash to buy the 2nd investment property. Does the interest deductible? 

I know people would say don't sign it in the beginning. But I was stupid and signed it.

It's after we made 5 offers that I realized she doesn't know the market well and it's less likely to get a good house by working with her. So I want to terminate the contract now. There are still 3 month left before the agreement expires.

But I have to admit that she answered bunch of my questions, showed me ~10 houses and submitted 5 offers which are non-trivial work. I would expect her to be angry if I walk away now.

Looking for suggestions on how to bring up this to her and to negotiate the termination. I'm totally fine with paying a little bit for the service she provided. If that works, can anyone suggest an appropriate amount? 

That's good! Thanks Damaso & Diep!

I'm searching for investment properties in two states right now. I do have enough cash to cover 25-30% down payments of both. There could be deals pops up at the same time, but can I get mortgages from 2 lenders in different states at the same time?

If I can't do that and I have to go with one state first. How long do I have to wait after the closing to start buying the next one?