If the deal is too good to be true…it just might be.
Rental real estate can be a great investment or it can be a curse you wouldn’t wish on your worst enemy.
The number of homes in foreclosure has risen dramatically in the last few years and mortgage rates are at record lows presenting great buying opportunities for investors.
When my clients invest in real estate they know the tax benefits of that purchase before they sign the offer.
Investors who don’t look at the whole picture often times buy a property that generates a tax loss but because of the rest of their income picture they can’t deduct that loss. Let’s face it, what good is a tax loss if you can’t use it.
Now is the time for existing and would be real estate investors to talk to a CPA and make sure they are not buying into useless tax losses.
If you have questions about this or any other tax issue give me a call at 678 624 4775 or send an email to Peter@TarantinoCo.com