Okay. This is not going to be a long post. I just wanted you to know that I picked up my taxes from my “tax guy” yesterday and had a pleasant surprise. And a big part of that surprise was the rental property factor. It can be like “found money.”
Depreciation is your friend when you own investment property. I have written about Depreciation and Your Rental Property before and everything I have to say about it can be found at that link.
Let’s say this one more time:
“There are 4 basic benefits to owning investment property.”
- Cash Flow Before Taxes
- Principal Reduction
- Tax Benefits (Depreciation included)
Just go to the categories section on the right side of this real estate investing blog and you can look up the tag: 4 Benefits of Real Estate Investing. You can read those links and you’ll learn what you need to learn.