Well Marcus since its U and me on this thread. ( and I cant believe more BP members are not interested in learning about these types of investments)  but anyway here goes.The property was originally optioned from the land owner who bought it in the 50s for next to nothing in today's dollars..The company that had that option that started in about 2002 also optioned it for 5 mil or so with annual option payments ( they were a large SFR builder as in larger Regional builder). come 08 and well that builder was one of many in the PDX market that had way to much inventory and the banks called most of their loans and he lost MILLIONS and pocketed much fo the last draws and actually decamped to Cabo and bought a resort at Cerritos beach that is still there today.

The IRS also allows deductions from interest paid on student loans, business interest, and personal interest, and qualified residence indebtedness.

I also paid cash and we were apart 50k from what the appraiser showed and what the owner wanted. this was an off Market deal, I negotiated a 3 year 4% loan with the seller and.

At this point, for the right house and loan, we'd move almost anywhere.

Interest rates for primary residence are typically about 1 percentage point lower than conforming investor loans so if you can buy a new primary residence and rent you current one out you will save a lot of money on interest payments.3.

Loan of $162,000 (SFH) is currently at 6.275.  

I'm trying to learn from my mistakes, including being able to read a title, getting all other information (liens, loans, taxes, etc.), fully researching before I buy a property, getting a lawyer to help in future bids, title insurance, and home insurance.talked to a title insurance company they said my my title search is an abstract does that mean there might be vital info missing regards to more money i might have to pay  ?? 

So I bought my first house for $605k at 6.4% with a conventional loan 5% down.

Purchased home using VA loan.

How long will you have to carry the debt before you have enough homes paying lot rent to cover a 400K loan.