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Real Estate Information |
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Real Estate Tax Incentives
Lower Your Taxes Tax incentives for real estate investors can often make the difference in your tax rates. Deductions for rental property can often be used to offset wage income. Tax breaks can often enable investors to turn a loss into a profit. For which items can investors get tax breaks? You could claim deductions for actual costs you incur for financing, managing and operating the rental property. This includes mortgage interest payments, real estate taxes, insurance, maintenance, repairs, property management fees, travel, advertising, and utilities (assuming the tenant doesn't pay them). These expenses can be subtracted from your adjusted gross income when determining your personal income taxes. Of course, these deductions cannot exceed the amount of real estate income you receive. In addition to deductions for operating costs, you can also receive breaks for depreciation. Buildings naturally deteriorate over time, and these "losses" can be deducted regardless of the actual market value of the property. Because depreciation is a non-cash expense -- you are not actually spending any money -- the tax code can get a bit tricky. For more information about depreciation and various tax alternatives, ask your tax advisor about Section 1031 of the U.S. Tax Code. Have a Positive Cash Flow There are two kinds of positive cash flows: pre-tax and after-tax. A pre-tax positive cash flow occurs when income received is greater than expenses incurred. This sort of situation is difficult to find, but they are usually a strong and safe investment. An after-tax positive cash flow may have expenses that outweigh collected income, but various tax breaks allow for a positive cash flow. This is more common, but it is generally not as strong or safe as a pre-tax positive cash flow. Regardless of what kind of real estate you choose to invest in, timely collections from your tenants is absolutely necessary. A positive cash flow -- whether it be pre-tax or after-tax -- requires rental income. Be sure to find quality tenants; a thorough credit and employment check is probably a good idea. Use Leverage One of the most important factors in determining a solid investment is the amount of equity you are purchasing. Equity is the difference between the actual worth of the property and the balanced owed on the mortgage. Benefit from Growing Equity While investing in real estate is relatively complex, it is often worth the extra work. When compared to other financial investments, like bonds or CD's, the return on investment for real estate purchases can often be greater. The key to real estate investing is equity. Determine an amount of equity that you want to achieve. When you reach your goal, it's time to sell or refinance. Determining the proper amount of equity may require the assistance of a real estate professional. Neda Dabestani-Ryba is a licensed Realtor in Maryland. She is a member of the President's Circle of Top Real Estate Professionals. She can be reached at (800) 536-3806 or visit her website for more information: http://neda.dabestani.pcragent.com/Prudential Carruthers REALTORS is an independently owned and operated member of Prudential Real Estate Affiliates, Inc., a Prudential Financial company. Equal Housing Opportunity
MORE RESOURCES: A Swiss Home So Well Designed It Needs Just One Door The New York Times America’s Hottest Real Estate Market: Why Everyone Is Buying Homes in This California City Yahoo Finance How the $1.8 Billion Real-Estate Commissions Lawsuit Came to Be The Wall Street Journal Dominion takes downtown real estate holdings off the market RichmondBizSense Editorial | What’s at stake in court’s real estate ruling on fees Santa Cruz Sentinel Real Estate Transfers - Sent-trib Sentinel-Tribune Employee Spotlight: Scott Loper, Real Estate Project Manager Tampa International Airport Real estate transfers: Craftsman ranch in Bath with basement fit for ... Akron Beacon Journal Real Estate announce new album, tour with Milwaukee stop Radio Milwaukee Island real estate transactions - 11-29-2023 The Anna Maria Islander Navigating Today’s Real Estate Trends - Bryant-Hafizi Real Estate Magazine of Santa Clarita Whiplash of the real estate market – and taking it back to the 90's. Tahoe Daily Tribune Real Estate Experts Share Their Predictions for the 2024 Housing Market: Will Prices Finally Drop? Yahoo Finance Milwaukee Press Club: Real estate developer Tim Gokhman to ... WisPolitics.com New York City's Biggest Real Estate Loans in October The Real Deal JESCO: From energy innovations to real estate ventures The Worldfolio Wood County real estate transfers | News, Sports, Jobs Parkersburg News Real Estate: November 13 to November 17 Newport This Week Beyond the Headlines: How COVID Impacted Commercial Real Estate Wealth Management Three agents join Weichert real estate team | Local News ... Tullahoma News and Guardian Foster Real Estate Report: The #1 reason why real estate deals fall through Shawnee Mission Post MIG Real Estate Pays $33M for Mission Viejo Industrial Orange County Business Journal Worcester County real estate transfers, Sunday, Nov. 26 Worcester Telegram Aspen Real Estate Snapshot, Nov. 27 Aspen Daily News RESIDENTIAL REAL ESTATE: Sinderhoff Los Angeles Business Journal Mayor Jumaane Williams and Other Possibilities That Worry Real ... Commercial Observer REAL ESTATE | Charming home at 447 S. Eighth Avenue in West ... washingtoncountyinsider.com Clark County accepting bids for real estate and mineral rights plots MyWabashValley.com Berks County real estate transactions for Nov. 26 Reading Eagle Wilton Real Estate Report (Nov. 17-23, 2023): Five Homes Change ... Good Morning Wilton Headwaters Highlights: How the real estate office powers Pittsburgh ... lrp.usace.army.mil The future of real estate commissions | CU Boulder Today University of Colorado Boulder Garner family bestows real estate gift to Lyon College Heber Springs Sun-Times Real Estate Sales Include Funeral Home, $1.26M Lakewood ... Jamestown Post Journal Inside Emma Stone's Stylish Real Estate Portfolio Architectural Digest NJ real estate: Somerset County home sales My Central Jersey Glendale real estate closed sales drop less severe than Valley ... Daily Independent 20 states with the lowest real-estate property taxes Accounting Today Local Buyers Watch Real Estate Prices Drop as Seen with 4 ... frontporchnewstexas.com Canada's Real-Estate Market Stumbles as Rate Hikes Bite The Wall Street Journal East Cobb residential real estate sales, Nov. 6-10, 2023 East Cobb News Dennis Agalli, CEO of Employer Capital, Announces Expansion to Real Estate, Finance, and Affordable Housing Solutions Yahoo Finance Much of Old Greenwich's downtown is up for sale Greenwich Time November 17-23 Gulfport Real Estate Sales The Gabber Newspaper 3 Real Estate Stocks That Could Make You a Millionaire The Motley Fool 152 Kent units open, with pickleball courts, following Goodman hotel ... Seattle Daily Journal of Commerce REAL ESTATE | Papa Johns job openings for West Bend, Wi store washingtoncountyinsider.com Indiana Real Estate Investment and Development Company ... Lebanon Reporter Real estate broker Carlos Marquez discusses the Valley's chances ... Rio Grande Guardian Southlake business park will kick off in early 2024 The Dallas Morning News Santa Rosa: See how much real estate prices have changed last week The Santa Rosa Press Democrat Erie County real estate transactions Buffalo News Cozen O'Connor releases annual real estate survey New York Real Estate Journal Online Branford Real Estate Agents Hold Toy, Coat, Interview Outfit Drive Branford, CT Patch |
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