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re: Spinoff: Ways to earn extra money

Posted on 6/16/14 at 12:33 pm to
Posted by The Calvin
Member since Jun 2013
5240 posts
Posted on 6/16/14 at 12:33 pm to
Sort of like a duplex? I've been looking around for something like that in the Fall
Posted by Feed Me Popeyes
Baltimore, MD
Member since Apr 2008
2104 posts
Posted on 6/16/14 at 12:41 pm to
You'd probably consider what we own to be a large townhouse, but a duplex would work just as well if those are available in your area.

As you may be aware, the real benefit to multi families is in the tax deductions - you can write off expenses such as property taxes, interest, insurance, repairs, maintenance, etc. to the tune of the % of your house being used for "the business." For us, this means 75%. And you still get the normal mortgage interest deduction for the portion you don't write off for "the business."



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