Whats your thought.In the event of an audit, a talented auditor would follow the paper trail and would be able to easily see that you were not entitled to claim this as mortgage interest.  

Always correspond via email so there is written record to bring suit in the event of misrepresentation.6.

And, fun fact, if you throw your furnished rental income on Schedule C for a few years (while saving up a down payment using net profits from that business), it's mortgage qualifying income (granted it was a huge pain in the butt the first time I used it, and I know for a fact that not all lenders will go for it) in the event that you're so successful that you quit your day-job (2 of the 3 names I dropped above are people that do not have a traditional day-job).

While I have never worked with him personally, Chris McDonagh at RavLaw is a regular (and I believe sponsor) of AZREIA and was recently on a very helpful panel at an AZREIA networking event discussing the legal implications of Dodd Frank and contract writing in general.

I have been studying, window shopping for deals, doing "mock financials", and networking at events for approximately 7 months now.

Is anyone else attending Wednesday's CodeNext presentation at the Palmer events center?

Appreciation in real terms does not exist until one of two events takes place, either the owner refinances/pulls out the equity or they sell the property.

I would love to hear about any local meet up events and newbies or season members around my area.  

Nothing in this Note shall be construed as creating a joint venture, partnership, tenancy in common, or joint tenancy between Lender and Borrower.In the event that the holder wish to withdraw any portions (with prior notice) of the principal amount during the term of this note, Holder will waive any/all interests earned and only the initial principal amount will be returned to the Holder.

Keenan Smith - taking out a loan is not a taxable event.