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...
Posted on January 20, 2009 at 9:00am — 1 Comment