if i purchase 1 store using the zero cash/fully amort. method, then purchase a store with 3 net 10%,

Will I have a favorable tax savings fr the store showing a profit?
In Buying Property - Asked by jack m. - Nov 25, 2010
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Answer(s)

Jim S.
Broker/Agent
Kalispell, MT

You need to talk with your accountant. You have not given enough information to expect a reasonable answer.

Nov 26, 2010
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Jeff R.
Lender/Mortgage Broker
Birmingham, MI

I guess I don't get how you will finance anything with 0% down. Even with sba loans you need at least 10%

Dec 2, 2010
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Steve J.
Owner/Investor
Irvine, CA

you may at first, however as the loan amortizes down and you start paying more principal than interest, you will have a tax liability on the zero cash property, meaning you will need to come out of pocket for the taxes. Those loans are dangerous for someone who doesnt fully understand them.

Jan 18, 2011
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