[quote=spdrun]Why the blue fark would you buy an investment property that doesn’t produce income? Dumbest idea ever, and those who do deserve what they get.[/quote]
For investment interest deduction purposes, rental income doesn’t qualify. If the money is borrowed for rental property, the interest is deductible against that property. If some other type of investment is made with the proceeds (like stock, non-income producing land, gold, debt), then the interest deduction is limited to investment income. “Investment Interest” has a very specific meaning”.
