Entire Mortgage Payment Be Written Off?

Can the entire mortgage payment be written off, or just the interest amount? I know that homeowners can write off the interest, but can investors write off the interest AND principal?

-Adam-

Comments(4)

  • adler8th August, 2005

    Just interest

  • Eric58th August, 2005

    Agreed

  • edmeyer8th August, 2005

    The principal component is not considered an expense since its amount is a gain in equity for you.

  • edmeyer6th September, 2005

    I personally do not care for "tenants in common"
    RE investments. I do not like institutional investments of any kind. I also do not like large group investments. My dislike is amplified when something goes wrong.


    The most stringent constraint with a 1031 is identifying the replacement properties within the 45 day window. One way to do a 1031 with some safety is to look for replacement properties before you sell the relinquished property. I traded an SFR for three properties located in a very strong sellers market last year and am currently working on a much larger exchange.

    I hope this helps.

    Regards,
    Ed

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