TAX BENEFITS OF OWNING RENTAL PROPERTY

The tax benefits of buying a home versus renting |Patchogue|Medford|Homes for sale|LI Real Estate| www.ErwinGiron.com by ErwinGironTax Benefits Of Owning Rental Property.  Rental property deductions are too significant to ignore.  They are both numerous and substantial.

Bottom line, when it comes to federal tax deductions, “Residential Investment Property” provides a significant tax shelter.  This is evident if you own one or many rental properties. Read the rest of this entry »

NOW IS THE TIME!

Now is the time!  Every change in economic conditions affecting real estate create new opportunities for financial gain.  If you currently own your home, or even if you are a renter with available investment money, this is a great time to purchase “Residential Investment Property.”  Depending on the situation, you can either, rent it out (with some rather amazing tax benefits) and then Read the rest of this entry »