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clkelyqld2
Posted: Tue 21:29, 15 Oct 2013
Post subject:
References:
About the Author:
Category:
Greg Vander Wel Article Feed :
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Real Estate Broker/Owner of Realnet Tampa Bay is a veteran in the Tampa Bay Real Estate Investment industry since 1999 holding multiple senior level positions throughout his career. Because of his impeccable reputation for honesty, hard work and innovation, Greg turned Realnet Tampa Bay into the leading investment real estate brokerage in the Tampa
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It helps to have a business plan for property investment, because this helps outline your goals and how you plan to reach those goals.The following lists some tax deductions that are available to real estate investors.
1. Mortgage loan interest can be deducted on your tax return, just like it can for a regular home mortgage. This is very convenient, as it allows you to offset some of your income from that property!
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time. You can depreciate your real estate investment property on your taxes, therefore reducing your taxable income. Realistically, we all know that homes actually appreciate (rise in value) in an optimal market; however, the IRS requires depreciation to be recorded over a set period of time. This depreciation is strictly on paper; it doesn't affect the property's market value. Current
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regulations require residential properties to be depreciated equally over a time period of twenty-seven and a half years, while commercial investment property must be depreciated over thirty-nine years.
Other than that, knowing when to distinguish a great deal from a lemon is also crucial when you learn how to invest in real estate. Always be aware that what you see is not always what you get. You will come across houses that may have hidden damage (such as termites) hidden from visibility. Whenever in doubt use an inspector to determine the condition of a house, an appraiser to determine the after repair value of a house. Sometimes something as simple as
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**NOTE** - has claimed original rights on the article "Real Estate Investment Tax Benefits" ... if there is a dispute on the originality of this article ... please contact us via our and supply our staff with the appropriate details of dispute (ie ).
Article Source: uPublish.info
Real Estate Investment Tax BenefitsArticle Summary: Real estate investment offers many benefits. Perhaps the most enticing is the tax deductions that are available to property owners. Real estate investment is seen as a business, so you get a few more breaks than if you're just a residential home owner. This allows the protection of all your investment income from being overly taxed.
clkelyqld2
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