An Investor's Guide to Tax Time
She's On The Money
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How to Calculate Interest Expenses on Your Mortgage
If your loan was used to buy a rental property or something else, like say a car, you can't just repay the part relating to your personal purchase. All loan repayments are appointed across both purposes until all the loan has been repaid and you are no longer claiming interest expenses on that property. So it's a little bit complicated. The best thing to do is obviously talk to your accountant or your mortgage broker. Your mortgage broker is going to have a complete grasp of this. Like I, you know, again, shameless plug for my own business is seller money. We literally finance thousands of properties a year for clients.
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