Can I writeoff the mortgage interest payment for tax purpose for my second home(rental property) in california

Home Mortgage 2 Comments »
mandy asked:


Can I write off the mortgage interest and the property taxes paid for my second property which is a rental property for tax benifits.
Both the properties are located in california.
I also own an investment property outside california. Can I also write off the interest payment for that property.

Veronica

How much will my mortgage be if I bought a home 210,000 - 215,000?

Home Mortgage 4 Comments »
Ricky D asked:


If I put $20,000 down what would i be expecting to pay with property tax, HMI (full coverage) and mortgage included?

Jose

How hard (and expensive) is it to change names on home mortgage/deed?

Renting & Real Estate 2 Comments »
home mortgage
originalidaho asked:


My husband and I recently purchased our first home. My husband is active duty army so he does not need to become a resident to get the resident rate for property tax purchases. Since my name is on the mortgage papers we are not able to take advantage of this. I do not want to become a state resident because of other tax reasons (We are residents of Idaho for tax reasons-no state income tax on out-of-state military residents). Just wondering what is involved with taking me off the mortgage to save about 1200+ dollars a year? How much does it cost?

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