Prefer to talk in person? Find a mortgage specialist on Zillow
Profile picture for user8835844

How do I structure a mortgage/interest deductions for a kiddie townhome

I expect my kids to live in my investment property for 2 or 3 years before I rent it out
  • April 21 2013 - Denver
  • 0
    0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

Be a Good Neighbor. Be respectful and on-topic. No spam or self-promotion! See our Good Neighbor Policy.

Answers (3)

As Cassandra pointed out, it would be in your best interests to speak with a CPA regarding the tax benefits/implications before moving forward.

Good luck!
  • April 22 2013
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

Profile picture for user8835844
Definitely a long term investment but in the short run, the mortgage will be less than the rent. I could borrow against my house, or I could get a separate mortgage. I won't have income for a few years and I am concerned about tax treatment in the short run. Thanks
  • April 21 2013
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

Is this for tax purposes? Personal? Investment tracking?  

Cause it really depends.  I always suggest consulting an accountant/tax attorney if it is for tax purposes as real estate agents and lenders are not the most accurate resource. 

Good luck. 
  • April 21 2013
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.