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Hello, I reside in the Bay Area and currently, I do not own any domestic real estate properties. However, I have a home in a foreign country, for which I took out a loan to finance the purchase. If I categorize this property as a second home, the interest I've paid on the loan doesn't surpass the standard deduction. As of now, the property hasn't been rented out nor have I lived in it. If I were to rent it out, the cash flow would likely be negative.
As a journalist, you can create a free Muck Rack account to customize your profile, list your contact preferences, and upload a portfolio of your best work.
