This is what I learned: I could not deduct interest on personal loans so I ended up paying as much in taxes as I made.

I use high deductibles($10k) which saves me a lot of money.

@Akash AgrawalYou can have single person on mortgageThe issue about deduction is who is actually paying the mortgage?

You just won’t have rent during the rehab period, you don’t need to deduct it from anything - just don’t plan on getting any.

(after I deduct all the labor/material costs).

If you buy primary you only exclude $750k loan interest if you itemize deductions instead of taking standard.

Just think tax deductions 😂👍🏼

The cost segregation studies that typically yield the highest credits and deduction are for properties valued at $150,000 or more or that have lots of added features such as components to operate or high-end custom finishes.

Investment interest can be deductible.3.

Good excuse for a vacation with a tax deduction.