AKA: Taxes! ā
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Did you know that the government actually encourages real estate ownership? They do so by offering tax incentives for property owners.
Buying real estate will usually increase your income, but result in lowering your tax burden. Because of depreciation and other tax deductions, it will often appear for tax purposes as though you’re running at a loss.
Even though you’re making income, you have lower taxes and no self-employment tax on rental cash flow.ā So more money just goes right into your pocket! That’s the beauty of real estate- it allows you to keep more of the money you make, instead of giving it to the government. ā ā
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InvestingĀ in Real EstateĀ from $1 to $1MĀ āĀ 12 strategies to get you invested in real estate regardless of your schedule or budget.