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(former)FormerSanDiegan
ParticipantWho is “jcfuquette” ?
Honestly, I hadn’t really zeroed in on what this person’s opinions are on anything and thus, have no beef with him/her.
There have been many characters on this board over the past couple years who like to make points that seem extreme to some folks.
My approach is to take them at their word and start an interesting debate on the facts. If it turns into name-calling and finger pointing, it’s pretty easy to ignore their posts if you want. It’s still a free country (though it’s neither inexpensive nor void of many regulations).ParticipantALso, since it is a REO you could consider financing through the current holder of the property.
ParticipantALso, since it is a REO you could consider financing through the current holder of the property.
ParticipantALso, since it is a REO you could consider financing through the current holder of the property.
ParticipantALso, since it is a REO you could consider financing through the current holder of the property.
ParticipantALso, since it is a REO you could consider financing through the current holder of the property.
ParticipantIncome Tax implications:
Deductibility of interest on a principal residence or a rental property is for acquisition debt. If you purchase all cash, the maximum loan amount for which you can deduct the interest is $100K. SO, most of your interest debt is not deductible in the scenario you described.Why not make an offer based on NO loan contingencies and no appraisal contingencies. That’s effectively the same as cash. Also, demonstrate that you have the cash reserves to purchase outright. If I am a seller and I get that kind of offer, I would assume the buyer could perform.
ParticipantIncome Tax implications:
Deductibility of interest on a principal residence or a rental property is for acquisition debt. If you purchase all cash, the maximum loan amount for which you can deduct the interest is $100K. SO, most of your interest debt is not deductible in the scenario you described.Why not make an offer based on NO loan contingencies and no appraisal contingencies. That’s effectively the same as cash. Also, demonstrate that you have the cash reserves to purchase outright. If I am a seller and I get that kind of offer, I would assume the buyer could perform.
ParticipantIncome Tax implications:
Deductibility of interest on a principal residence or a rental property is for acquisition debt. If you purchase all cash, the maximum loan amount for which you can deduct the interest is $100K. SO, most of your interest debt is not deductible in the scenario you described.Why not make an offer based on NO loan contingencies and no appraisal contingencies. That’s effectively the same as cash. Also, demonstrate that you have the cash reserves to purchase outright. If I am a seller and I get that kind of offer, I would assume the buyer could perform.
ParticipantIncome Tax implications:
Deductibility of interest on a principal residence or a rental property is for acquisition debt. If you purchase all cash, the maximum loan amount for which you can deduct the interest is $100K. SO, most of your interest debt is not deductible in the scenario you described.Why not make an offer based on NO loan contingencies and no appraisal contingencies. That’s effectively the same as cash. Also, demonstrate that you have the cash reserves to purchase outright. If I am a seller and I get that kind of offer, I would assume the buyer could perform.
ParticipantIncome Tax implications:
Deductibility of interest on a principal residence or a rental property is for acquisition debt. If you purchase all cash, the maximum loan amount for which you can deduct the interest is $100K. SO, most of your interest debt is not deductible in the scenario you described.Why not make an offer based on NO loan contingencies and no appraisal contingencies. That’s effectively the same as cash. Also, demonstrate that you have the cash reserves to purchase outright. If I am a seller and I get that kind of offer, I would assume the buyer could perform.
June 27, 2008 at 10:44 PM in reply to: Anyone have the link to the tribs house price tracking? #229815ParticipantU-T has a decade of the DataQuick median data here …
http://www.signonsandiego.com/sdhomes/area_homesales/index.php
June 27, 2008 at 10:44 PM in reply to: Anyone have the link to the tribs house price tracking? #229936ParticipantU-T has a decade of the DataQuick median data here …
http://www.signonsandiego.com/sdhomes/area_homesales/index.php
June 27, 2008 at 10:44 PM in reply to: Anyone have the link to the tribs house price tracking? #229943ParticipantU-T has a decade of the DataQuick median data here …
http://www.signonsandiego.com/sdhomes/area_homesales/index.php
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