It will cost a fraction of the amount of a needless price reduction.

Lender declares $5000 of interest income, borrower may be able to deduct $5000 of mortgage interest.Balance of loan is $105,000.Gift $14,000 as a reduction of the loan (NOT forgiveness of debt). 

Of course I'm not accounting for principal reduction but I also wouldn't have to deal with tenants and management and repairs etc etc.

I filed and will only have to pay the attorney if they can get a reduction to my assessed value. 

The 1st is the Rents loss or reduction combined with increasing Property Expenses.

It has nothing to do with the possible appreciation of the property, the mortgage reduction or the tax savings.

So far in the last few years we've seen real estate become less affordable for the average person and while price reductions have been more prevalent in the pandemic "boom markets" many people have been surprised to see how resilient the housing market is.

After watching the roller coaster ride of my work 401K, I decided to halt putting any more money in, and concentrate on putting that money towards debt reduction and new properties.

A reduction of child lead poisoning is a great result and the elimination of Catch-22 homes through rehab or demolition is a win for our community.

Timing is everything so for now holding but watching the number of available properties closely. on the Arizona MLS there's currently 14,828 (active 13,923) and (coming soon 905) residential properties. on 06/26/2022in April 2022 we had 8,726in beginning of June we had 11,371 Supply is increasing and I'm seeing more price reductions and some properties come back on the market. we still have less than 6 months of Supply but it is increasing and there are less people competing and submitting offers