Mortgage interest for the Company?

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This question is for individuals, businesses or are familiar with them or a mortgage broker. I want to look into one mortgage interest that I maintain my business. I know that companies will receive a 100% deduction on interest-bearing loans and I think it would be an excellent opportunity to purchase property and take advantage of this deduction. Can someone who has had experience with me to this point in the right direction?

  1. Reply
    May 2, 2011 at 6:41 am

    What state are you in? My husband is a mortgage broker and I am a wholesale lender. He is aware of three banks off the top of his head who will do these.

  2. Reply
    May 2, 2011 at 7:33 am

    This isn’t going to be a popular answer, but its a smart one. If you’re talking about investment properties(buying and selling properties for income), you really need to build up money to pay for those properties with cash. I can quote literally hundreds of stories of people who completely crashed financially because of “floating” houses. I know there are people out there right now making a killing doing this, but they are literally sitting on a ticking bomb by doing so.
    However, if you’re talking about for your business, I think as long as the location lends itself for retail, and the area that it is in is not likely to experience a crash in real estate value, that would be a smart move. You want your business to grow, and your business plan would likely involve an expansion or relocation at some point anyway. Hope that makes sense. Slower and wiser is ALWAYS the better way to go. Take your time.

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