Let's talk real estate

March 10th, 2010 7:49 PM

We have all heard the down side of owning rental property. Toilets overflowing during the middle of the night. Tenants destroying the property, disappearing during the middle of the night, not paying rent, etc.

Handled properly, there are some great benefits to owning rental properties. Someone else is paying the mortgage for you. The improvements on the land can be depreciated. Maintenance expenses can be deducted on tax returns. Properly maintained, the value appreciates. Passive income is taxed at a different rate.

Just a great way to improve your retirement income.

Posted by The Bobby Dean Team on March 10th, 2010 7:49 PMPost a Comment (0)
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