Please Leave the Politics to CNN and FOX.
Just a reminder that political topics/memes are prohibited, unless discussed within the realm of business and investment, for example, the impact the new Treasury Secretary might have with BTC. Please help keep the forum free of politics. (And I promise to do better myself!)
My first car was a 89 chevy sprint. Same 1.0L 3cyl as the metro, the only problem was the power. it had something like 50-60hp and a 0-60 time of about a week.
It takes fuel to make power.
When I started reading your post, I immediately thought of the jetta diesel! Only problem with...
Here is a INSANE private car collection from one guy. I thought Jay Leno had some awsome stuff!
This guy is in the fastlane for sure!
Im not a CPA, so check with your tax person on this. From my understanding, you can only deduct the interest. I highly doubt the IRS will let you take a double write off on the interest.
On a side note, you might be able to claim the loss each month as a added deduction, but again don't...
You can write off the interest that you are paying. Since you just bought the property, the first few years you will be paying mostly interest, so the write off is larger. Obviously as time goes by, and the less interest you pay, the lower this tax deduction is going to be, but by that time...
Here is what I did to save money, make more time for myself and not give up my TV.
My cable bill was about $95 a month including $30 for internet and a $20 credit from my HOA.
I called the cable company one day and said I wanted to cancel my service because I could get a better deal with dish...
Back to the tax write off thing... if you are loosing $165/Mo, thats $1980 a year. You could probably get all of that back and then some just by the tax deduction. So it might not be a loss at all.
I guess thats my way to see the glass half full..lol
Wouldn't another cost be the price of PMI since he would be dropping below the 20% equity mark?
Let me add a question here too... lets say a HELOC rate is at 10%, but he can only make 8-9% a ROI on that. Would it make sense to say that since you can use the tax write off on the HELOC, that...
From what i've seen of the roomba and scooba, all they do is drive (for lack of a better term) around and bounce off of walls in random lines (like a ball on a screen saver).
It would probably take 5x as long to wait for one of those devices to clean a office as it would if you just bought a...