Besides the wealth accumulation that property appreciation affords, tax breaks are another way homeowners benefit from their real estate investments. Here are some facts that set the record straight on the tax advantages of homeownership:
There are many reasons owning a home makes sense, but the tax benefits have always been a major motivator. The renter’s deduction is a pittance compared to the tax write-off you can claim as a homeowner when you consider both mortgage interest and property taxes.
Hope you’ve found this useful.
Best, Forest – The Guy in the White Hat
Hard Money Broker and Co-Owner of family owned and operated Sun Pacific Mortgage & Real Estate, serving all of California since 1988! 707-523-2099 www.sunpacificmortgage.com.
CA DRE license #010005559 and NMLS #289456
Note: Get our financing despite bad credit, difficult to prove income, property a fixer, etc.! We finance Jumbo loans, Bridge and short-term loans, Owner Occupied purchases and refinances, investment purchases and commercial.
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