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Sub-2 Tax Benefit?

chantynicole profile photo
  • Sunday, November 02, 2003 @ 04:01 PM EST
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Does the original note holder still benefit from mortgage interest tax breaks. As I am asking I assume the answer is yes. If that is the case, What is the benefit to the investor makinga subject 2 deal?
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  • nebulousd
    nebulousd2nd November, 2003
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    actually, your buyer gets the interest tax break if you sell on a land installment contract. you take advantage of the depreciation on the house.

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