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Author: arsenk One star, 50 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 120819  
Subject: Tax Write off's on private sale??? Date: 8/30/2000 1:43 PM
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Hi Fools.

I have the opportunity to purchase a 2 family house from the owner I am renting it from. He hase made it clear that he wants to do the transaction privately, without brokers and if all possible, without the bank.

He stated he is willing to accept monthly payments from me which (obviously) will be principal plus going rate.

If I purchase this house from him i this manner, will I still be able to take advantage of tax write-offs on the interest I am paying him???

Thanks for your help.

Arsen
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