Updated almost 8 years ago on . Most recent reply
Loan Stratgey with New Tax Plan
I will be purchasing my first SF rental property. My primary home is debt free, I have no loans whatsoever, have a good net worth. I plan to take out a mortgage because I don't want to sell any equities and mortgage rates and low. So I can either take out a loan against the rental or my primary home. With the new tax laws I don"t expect to be filing a Schedule A. So I can only get a tax credit on the interest if I take out a mortgage on the Rental Unit. Do I have this right? Any other loan ideas?