interest write off
hi ! My question is, we plan to lease option our home. Our mortgage payment is $669. We are asking $775 that gives us $105 cash flow. We count on our interest, which is a sizable amount, for end of year tax write off.
If the leasee wants to pay more to add to the principal, would this change the interest ?? Then I feel this would be coming out of our monthly mortgage payment??...At the end of the 2 years, we are planning to just break even, with the leasee buying the home at the cost left to the mortgage co. plus closing costs. Please comment
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