Monday Motivation
Nov 29, 2021
AKA: Taxes!
Did you know that the government actually encourages real estate ownership? Buying real estate often lowers your taxes and with depreciation it can appear as though you’re running at a loss. Even though you’re making income, you have lower taxes and no self employment tax on rental cash flow. So more money just goes right into your pocket! That’s the beauty of real estate- it allows you to keep more of the money you make, instead of giving it to the government.
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