A significant number of our clients (more than) dabble in real estate investing. Why? Because it’s a fantastic way to aggrandize one’s wealth. The tax breaks, even with breakeven rent, and the growth in capital (the value of the house increases) are hard to beat- especially in today’s market.
Continue reading Real Estate Rental?
If you are considering the purchase of a property for investment, one you plan to rent to others, we need to talk. Too many folks buy these properties and then find that, unlike conventional businesses, rental property management has its own set of regulations- and tax considerations. (Part of the reason is that real estate businesses, while cash flow positive, often create negative income considerations for taxes, since depreciation can be a substantial factor. And, as opposed to other businesses that don’t show a profit for 3 of 5 years, these are allowed to continue and are not considered “hobbies”.)
Continue reading So you want to be a real estate mogul?