[Rhodes22-list] If I can't fix the Rhodes, another sailboat for now?

[Michael D. Weisner]

Ben,

How is the interest on the loan tax deductible?

Mike
s/v Shanghai'd Summer ('81)
Nissequogue River, NY


From: "Ben Schultz" Tuesday, June 01, 2010 12:31 PM
> If Alex or any other potential buyers are out there lurking, consider 
> taking
> a loan to get a recycled Rhodes from the factory.  If I had waited until I
> could afford one, I would have missed out on many years of sailing.  Rose
> worked with my lender to get me a great price and rate on a loan, and when
> you consider that the interest is tax-deductible, the cost of borrowing is
> considerably low.  I'm glad I went that route so many years ago.
>
> Ben