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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.

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