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re: Home ownership losing importance as "American Dream"
Posted on 6/4/14 at 5:04 pm to Cold Cous Cous
Posted on 6/4/14 at 5:04 pm to Cold Cous Cous
quote:
Investing in real estate and buying a house are two very different things.
One of the attractive things about investing in rental properties is the after-tax return. If you have financed your properties that you landlord, it's almost impossible to NOT have a annual tax loss from the property. Which you can, depending on your circumstance, take against your other income each year, or at worse, take all at once when you sell the property.
Why is this? Because landlords can deduct things for tax purposes that homeowners cannot?
Depreciation, utilities, repairs... these are all things that the landlord can deduct that the homeowner cannot.
Thus... financially, it's actually much more profitable to invest in real estate than it is to own your own home.
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