Guest Posting
I’ve not hosted too many guest posts over the years, and I’m hoping to change this.
If you are a fellow PF (Personal Finance) Blogger and would like to submit a guest post please send me a note by adding a comment here. It’s a great way to show your writing to some new readers. Even if you are not a blogger, I’ve hosted posts from readers who just had an urge to write and share some great ideas. It will be great to hear from you.
Joe
August 30th, 2011 at 4:33 pm
Joe,
Just wanted to drop you a note and let you know that you did a great job on the wordpress lessons PDF. I appreciate it, because I also prefer to print out the docs so I can take notes. I like your blog and will be in touch. Possibly submit an article for you to publish.
Thanks again
Roy
March 10th, 2012 at 10:48 am
Hi Joe,
I hope you don’t mind me asking this question.
I still have about $38K mortgage in my primary residence (FMV is $330K). I am thinking about cashout refi option… to borrow $238K and use $200K to buy another rental property (pay off). Using the cashflow generated from the rental property, I can pay down on my new loan. Since I do not know much about the complication of the tax involved, I am not sure is this a good idea. Any inputs would be greatly appreciated.
Respectfully,
Ngoc
March 12th, 2012 at 7:06 am
The issue as I see it is that if you treat the mortgage interest as a Schedule A deduction you may lose most of the potential benefit as you first need to exceed the standard deduction. I’d keep careful records and treat it as interest on Schedule E. It will then offset any income from the property.
Landlording is a job in itself. Some are good at it, it wasn’t for me.