Are you able to simultaneously deduct both depreciation and mortgage interest paid?

The answer is yes but it can refer to two things.mainly, it refers to a simultaneous closing in which you lock up a property via purchase contract with a seller (seller being party "A", you being party "B" and then you find a buyer who is party "C".

All done simultaneously.

The closing of the Sub2 and the sale to the tenant buyer is practically simultaneous since there's a buyer lined up already.

Everything from here on is regulated to a sub-trade who will come in for a few days (Sometimes simultaneously) and do their thing.

Question#2But on a simultaneous close, does transactional funding have to be one of the methods of "cash"?

Buy note, close on refi-They said you could do this in 7 to 10 days, but i'm not sure why you couldn't set up a simultaneous closing.Here is an example they gave (they said it was from a real deal):$1.2 million loanValue of $1.05 million$800k refinance amount$700k Note buy price$100k profitI am interested in doing deals like this because their are a lot of high end homes that are underwater in my area (San Diego).

The specialist I spoke with is working on getting that deal as a lease option, while simultaneously negotiating with the bank on a short sale.

Thanks J.The wholesaling thing to me basically gets into these people trying to make a fee with having little to no money of their own.Then you have to get into all these exotic type closings where things can go wrong.I figured if there was no other assigning,simultaneous,double close and all that and I just bought and resold it would be much cleaner.My closing attorney gives me a deal on things so I don't incur much costs.

First off, thanks for taking the time to reply.I'll have to look into that feature to see how it works, otherwise it seems like it would be difficult to simultaneously monitor/answer seven different numbers.On the other hand, being that our bandit sign number is a Google Voice number, Google might provide some simple way to accomplish something like what you're suggesting.