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Buying Property For Tax Write-Offs
Question: Should I buy investment property for the tax write-offs?
Answer: No. Property should NOT be bought for tax purposes alone. If properties are not now appreciating or producing a positive cash flow, then tax write-offs will hold little worth. If properties are now losing money each month but can be turned around on a reasonable basis, say by making improvements that lead to higher rents, then the story may be different.
© 1997 Peter G. Miller. All Rights Reserved.
Written by Peter G. Miller.
© 1997 Peter G. Miller. All Rights Reserved. Rules, Disclaimers & Notices.
Copyright © 2012 Realty Times. All Rights Reserved.
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