Updated about 4 years ago on . Most recent reply
Buying negative cash-flow property. Can you write off expenses?
| Price | 335000 |
| Downpayment 20% | 67000 |
| Closing costs | 9263 |
| Principal | 15696 |
| Interest 4.125% | |
| Prop management (10%) | 4005 |
| Insurance | 1783 |
| Taxes (County - 0.95%) | 3868 |
| Maintenance (10%) | 2520 |
| Vacancy (5%) | 1260 |
| Rent Annual ( Rentometer) | 25200 |
| Operating income: | -5000 |
| Year | 1978 |
| Schools | 8,8,4,8 |
Would you recommend buying a property with negative cash flow? -8-10k
I don't want to pay 10k from my pocket within next 5-10 years before it will start break even (even if it appreciate would be 25%, in cash - 90k)
Is it possible to write off/return 100% of expenses from investment property? (or only 30%)
Thanks