Real estate is the best investing tool that allows much room for credits and write-offs on your tax return. Once a property becomes a "True Asset" by generating a positive cash flow, it becomes it's own entity and the IRS taxes your rental property as a business. And one of the best things about a business is your able to right off business expenses to reduce your tax liability.
So, REI brings passive income with minimum tax liability!!! A pretty good combination...
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Posted on January 20, 2009 at 9:00am — 1 Comment
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I would also like to welcome you to http://pmfpartnership.ning.com for a truly international networking opportunity between agents, designers, developers and other associated professionals.
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CAMERON MACKELLAR
International Project Director
PMF PARTNERSHIP
Tel: 0800 180 4138 (UK Freephone)
Direct: +1 734 216 5167
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Thanks for the invite!
Suzette
Please let me know if I can help you or anyone you know with a free property analysis that will show the estimated economic benefit of a cost segregation study for commercial property.
Have a great Friday!
Tami
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Howard Meltzer
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