that's quite the write-up he got!

If I'm wanting to lend money to someone with my private money, for them to purchase or refinance and I'd be recorded as the 1st position lender, would that money be a tax write off?

Thanks, after research, it looks like FNMA keeps the mortgages in something called an MBS trust, then writes securities off those trusts.

U have net worth based on what you write down as retail values..

You could ask your accountant about options for bonus depreciation or possibly updating the properties in order to receive depreciation deductions or write-offs for repairs, maintenance, etc.

Hi everyone, I filled my taxes jointly for the first time.Tax guy said I can't write off any repairs/upgrades because my wife and I W2 income is over $150,000.Is this correct?!

you don't just go to a website, write in some numbers and poof, get a proof of funds. you need to speak with a mortgage officer to go through your income, assets, debt, etc. and see if you qualify for it.

@Stephen Bruce Tenant leaves system for free agreed to in writing by both parties or tenant removes the system and returns property to move in condition.If the systems stays, the next tenant can use as-is. 

I’ve been holding off a posting a review as I wanted to have some to work with OCF before writing anything!

I am in a low tax bracket as I take alot of write offs.