Joe Massey, Castle & Cook Mortgage, Denver. https://www.castlecookemortgage.com/location/denver/

. - You'll learn why mortgages make you really wealthy by holding properties and paying them off instead of just buying RE and either flip or sell quickly and teach you more about the investing process in general. 

Rent $1440, FMV $165, outstanding mortgage 94k.

Our plan was to rent it and buy a duplex with a FHA 3.5% Mortgage.   

I will have a $220k 30-year fixed rate mortgage at 4.875%.

Hi Bigger Pockets family,My question is related to the mortgage interest deduction.

My mother in law wants to buy a new house, i own 2 SFRs and would love to possibly partner with my in-laws (we have good relationship lol) with their old house to rent it out, and split the profit. or somehow get this property from them and keep the profits to just me, but i'm looking for a win-win. they are interested in going in on the deal.key issues: In-laws don't want to pay two mortgages.

My mother in law wants to buy a new house, i own 2 SFRs and would love to possibly partner with my in-laws (we have good relationship lol) with their old house to rent it out, and split the profit. or somehow get this property from them and keep the profits to just me, but i'm looking for a win-win. they are interested in going in on the deal.key issues: In-laws don't want to pay two mortgages.

So far the only suggestion I have for myself is build my credit and maybe by this time next year I’ll have a good enough score to get a down payment on my first mortgage.

I’ve got about $25k cash, $60k in credit lines, good contracting and industry experience (did multi-family portfolio management for a while) and no job (so no mortgage opportunities).For you MN folks, what’s the bottom of the “crappy but not tear-down” bad?