Updated almost 8 years ago on . Most recent reply
New member with plans and plenty of questions
Hello all! My name is Jamaar and I currently have one rental property here in anchorage Alaska. I’m currently paying off some debt so I can buy a duplex soon, and I had a few question if anyone can help me out I would greatly appreciate it! Ok, so my plan is to buy the duplex start my own property management company and put the duplex and the current rental under the property management company. My thinking for doing this is to write off my portion of the mortage because I’m running a business out of it, and also be able to write off any updates I do, I don’t know if anyone has any experience in this area if you do please message me. Also, I’m a vet, so I have the va loan to utilize and I wanted to know should I access my equity in my current rental to do updates to the duplex or should I just leave it alone and not mess with it. Like I said previously I would love to hear all the feed back you guys and gals have!
Most Popular Reply
Running a business for writeoffs is a waste of time. How about trying to make money! MINDSET MATTERS!