All Forum Posts by: Mike Freske

@Derek Smith simply put you can’t do this. You also didn’t lose any benefit. It actually sounds like you gained since you can’t itemize anymore.

Also, the market currently is fluctuating and I don't think it's smart to maximize our debt at the moment in case values drop dramatically or there's a lag in finding renters.  Although we are in the northern bay area and there's high demand for housing. Your thoughts? Hopefully my husband and I finally put this to rest. 

@Russell Brazil

Relax pal, was just clarifying with your response

@Jim K.

I am the guy. Who asks the questions that many NEWBIES still have, then gets blamed and called a TROLL!

Lol

This is why in America, people are undereducated VS the rest of the world. Belittled for asking “ dumb “ questions.

All my questions are technically “ dumb “ because I’m not a professional. That’s SUPPOSED to be YOU, THE PRO!

@Charlie Moore @everyoneelse

Am I the only one that realizes that this person is a troll?

Don't feed the trolls. They thrive on attention. If you want this sort of nonsensical confrontationalism to go away, you have to ignore it, like a toddler throwing a particularly cringe-worthy tantrum.

@Donald DiBuono  Yes, great suggestions from Jaysen above!  

Also keep in mind Donald, make sure you have reserves to run the rental business.  I generally shoot for $10k per property.  Eviction expense, loss of rental income and a refrig or washing machine all happening at once can run $5k easily.  Doesn't happen often, but with more properties and time, it will happen.

Of course, there is also $2-3k in closing costs on average (inspection, appraisal, insurance and tax downpayments, utilities deposits, etc).

- Tom

Putting the car in someone else name is impossible since the car so new but like i said i dont think you all quit understand what's going on.