All Forum Posts by: Abby Howe

Hi everyone,

  I have a question about DSCR loans. An accountant told me that I wouldn't be able to write off the interest on a DSCR loan if I cash out from a paid-off property to acquire or pay for another property. I've done some research online and even consulted ChatGPT, but I want to triple-check the information with you experts! I'm looking forward to hearing your insights and experiences regarding this topic. Thank you!

Thanks Ryan,  I feel like I have a solid understanding from your and the other's feedback.   

@Lauren Robins Thanks, I'll look and see what my state requires regarding security deposits.   I appreciate your help!  

@Greg Scott Thanks Greg!   I appreciate your help.  

I have a question about the best place to hold a tenant’s security deposit. Should I keep it in savings? Could I earn interest on it in the short term? Are there any other options I should consider? Tax implications?