Many wont even live till 60.People get blinded by the new shiny toy that they forget, REAL ESTATE IS THE RETIREMENT VEHICLE so why put a retirement vehicle into another retirement vehicle which you can't even enjoy until you're dead or crippled with medical issues.

Depreciation allows you to spread out the expense of assets over several years, reducing taxable income each year.If you need further clarification, financing for your projects, or just have more questions please feel free to reach out to me directly.

Now I know better.It actually reduces the number of good responses you will get because people will think they looked and missed it or already responded because it is in too many places.

These measures will not only improve the quality of life for residents but also reduce the dependence on cars, which is particularly important for those without access to private vehicles.

@Carlo D.You pay interest on the principal only, so every month your principal amount of loan is slightly lower which will reduce the amount of interest you are payingGo to Google and search amortization table and it will show you the principal payment, interest payment and loan balance after each month.

I loved it so much that I left my job in Medical sales to join a broker that specializes in this loan.

His ltv may be reduced to 70-65%.

If the City makes a bad decision, they could drive the supply of rental units down which would exacerbate the housing problem by reducing supply and negatively impacting the quality of housing as housing providers will simply leave Pomona and invest in Montclair, Ontario, Riverside, etc.

This is never accomplished in hard money loans and some may feel this adds more risk to the lender not having interest paid as you go, I argue that not having to come up with that monthly interest payment reduces the amount of capital needed for that project total and there by reduces the loan to value needed which helps both parties.

I agree with you that it's hard to predict future liabilities in condos, but if you choose wisely (solid management, reliable developer, newer construction), you can reduce the risk.