@Randy E.

If anyo e could assist i would greatly appreciate it. 

This allows me to claim the interest expense from the loan as an investment expense or passive income expense depending on the final usage.My loan however, is set up with an escrow for taxes and insurance so when I get the loan I'll get a check, and I'll get a pre-funded escrow account for taxes and insurance.As the usage of those escrow account funds will be for my primary residence, it would seem to be considered a personal use of funds and therefore, to the extent of the use of those funds, I would not be able to write off the interest attributable to that portion of the loan proceeds. 

Pot smell doesn't stick like cigarettes.

Originally posted by @Randy E.

He is willing to do me loans at 12% My credit rating is around 660 because of 50% credit usage which is getting paid down.

More info here: www.SOMDREIG.com Sign up for the e-mail list on that website so you get the meeting notifications.I am a full time investor here in southern MD, have been in the business for 11 years and have done hundreds of deals in PG, Charles, Calvert & St.

@Curt Davis, @Devin E., and @Bridget Smith-Osbourne,Thanks for the quick and concise responses.  

Rich Dad Poor DadRich Dads Cash Flow QuadrantRich Dads Increase your financial IQThe Real Book of Real EstateThe ABC’s of RE InvestingThe ABC’s of PMRich Dad RE Tax AdvantagesThe E-MythThe 4 Hour Work Weekhttp://flip2freedomacademy.com - free e-bookFlip2freedom episode 77[http://www.flip2freedom.com/a-3-step-formula-to-a-successful-balanced-and-insanely-profitable-2012/] - podcast - LISTEN TO THIS TODAY!

What has been your experience with investors who have a good base D/I ratio, but then start to accumulate cash-flowing investment properties that are mortgaged and shown on their Tax Return (Schedule E).