Since you're a cash basis taxpayer, I think the rule is that you can deduct the full amount.

Purchase price: $465,000 Cash invested: $58,000 I bought this property as an FHA House Hack.

Reason I do not want to do a cash out refi on my primary is because my rate is locked at 2.7%.  

Our focus has been on creating high-quality, cash-flowing properties designed for investors looking for solid returns.While we primarily concentrate on vertical development, we’ve also started exploring horizontal development in certain projects as we continue to expand our footprint.

Build up your cash reserves people...

Feel free to reach out, happy to help any way I can.

Purchase price: $35,000 Cash invested: $35,000 3 Acre ParcelPurchased 3 raw land parcels (2ea. 5-acres parcels and 1ea. 3-acre parcel) as a bundle for $105,000.

Will equity appreciation be great and will I want to do a cash out refi in the future?

Purchase price: $35,000 Cash invested: $35,000 5 AcresPurchased 3 raw land parcels (2ea. 5-acres parcels and 1ea. 3-acre parcel) as a bundle for $105,000.

Since my father passed away unexpectedly, i do not have cash in hand for the deposit.