Posts Tagged ‘investment property’

Is credit card interest tax deductible if you put the money on the credit card towards investments?

For example, if I used a cash advance to
1. buy stocks,
2. invest in bonds/fixed income assets
3. "refi" my personal mortgage
4. buy investment property

or any other situations where credit card interest is tax deductible?
Thanks for all you responses. Just to clarify –

Say I borrow 0 from my credit card at 10%.
I owe 0 at the end of the year.

I put… Continue reading

How can I obtain a mortgage overseas while still living in the US?

I was thinking of buying an investment property in Japan with a mortgage from either there or the US. If that’s not possible is there any country where I could get a mortgage for a property overseas while still living and working in the States?… Continue reading

How do I deal with an investment mortgage that's going into collections?

Bought an investment property in Detroit and unable to find a stable renter. Lender won’t foreclose or do a deed in lieu of. 000 owed on mortgage even though house is definitely not worth that now. Lender threatening to send it to collections. House is and has been on the market for months.… Continue reading

How bad can the late mortgage payments hurt my credit score?

I’m one month behind of my two mortgage payments (one for my own house, and the other one for the investment property). I am planning to catch up all the late payments in the end of next month since I need the money for some important thing right now. How bad can this hurt my credit score?… Continue reading

How can I get loans to buy multiple properties?

I want to buy property and generate a positive cash flow by renting them. I'm trying to figure out how I can best manage/use my money and get loans to buy multiple properties for rental income. Any advice or feedback is welcome.
How should I space out the loans in terms of time and how much of a down payment should I try to get for new loans that are investment… Continue reading