If the LLC property is held for rental use, then the mortgage interest is deducted against rental income on Schedule E (not deducted against other personal income).  

https://www.eventbrite.com/e/western-new-york-biggerpockets-meetup-910-tickets-12766499945Mike

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!

Hello BP, I been on  the site for a few months studying and finally started acting a few weeks ago. While Driving for dollars I have found exactly 5 properties I felt like where leads. I wrote them all hand written le...

Particularly to the applicant who "sets the bar" (the one in the first 1/e that scores the highest): If they applied later (or were considered later), they'd have gotten the place, but instead get a rejection letter.

I have probably answered my own question because I have already closed my first wholesaling deal a couple months ago but my concern is: Is direct mail a waste of time when marketing for houses in a small city surrounded by suburbs, located over an hour from any major city.I am wondering if it was just luck or if direct mail marketing strategy is worth continuing to pursue?

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!

@E.

The specific example I think of is if one of my mailings ended up going to a homeowner whose house is listed.  

I'm getting ready to start my first direct mail campaign so I think I'll wait to see what that turns up.