I am thinking of buying a property in LA that would be used to generate income. The idea is large down payment, maybe 4-10 units, and something with a positive cash flow.
I have two questions:
1) Can I negotiate a mortgage that has no or minimal pre-payment penalties?
2) How big of a tax break will I get if I live in the building?
I have two questions:
1) Can I negotiate a mortgage that has no or minimal pre-payment penalties?
2) How big of a tax break will I get if I live in the building?
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