Now when I use the calculator since I’m going to have to put 3.5% down I run into a high mortgage.

Now when I use the calculator since I’m going to have to put 3.5% down I run into a high mortgage.

Now when I use the calculator since I’m going to have to put 3.5% down I run into a high mortgage.

Rentals pay mortgage and provide some income.Had an inspection done and negotiated what I thought was a good deal, 300k (about 10k renovations needed) but after further inspection come to find will need about 30k renovations. 

We paid off the mortgage, misc expenses and I got my axtual repair expenses plus 40% back, then we split the net profit 50/50%.

The listing states:Buyer will receive a Special Warranty Deed (SWD) or equivalent.All pictures, details or descriptions of any property, condition of title, value or otherwise is provided for informational purposes only and may not represent the true and current status of the property now or at the time of sale.Please contact the listing agent directly with questions or inquiries regarding this property.Xome Inc. companies are affiliates of the seller and/or servicer of this property, Nationstar Mortgage LLC d/b/a The title detail document has been prepared for informational purposes only.

heynot sure if this is the correct sub-forum but i'l give it a go. planning on buying a property, long term rental, all cash. now, say i have around 500$ coming in to my account every month (this is in theory, after all expenses are paid and taking into account vacancy, small repairs, capex etc'). current plan is buy a property every once a while (at least every 2 years, could be less once mortgages will be an option for me, non us citizen starting to invest here. talking about properties in the range of 60-80k). letting the money sit in the account until i buy my next property does not seem optimal to me, but on the other hand investing it in the stock market or something like that does not sound good either because i will need that money in a short period. perhaps i'm overthinking it but i'm trying to see i'm leaving any money on the floor so to speak :)what do people around here do? 

However we would have zero cash flow and need to pay ~$4000/month out of pocket just for mortgage.

Currently have 3 fourplexes that cash flow over $1500 each and low mortgage on my dream house. i have an accepted offer on 4019 e calwa fresno ca. the property is 3 separate 2bd houses with garages on 1 APN.

For example, do I report 75% of my mortgage interest on Schedule A and 25% on Schedule E?