[…] I can see 3 scenarios where this tax can affect real estate investors with high overall income. Interest from owner-financed properties, especially with wraps. In a wrap situation, you will not be able to offset the interest you receive from the outside loan […]
[…] situations when basic understanding of taxes is not enough. If any of the following applies to you, I’d recommend that you consult a tax professional: Business or self-employment income […]
[…] Whoever’s fault this mess is, we all mostly agree that the near future is bleak. We expect that people will lose jobs, houses, families, and sanity. The trick is to survive. Naturally, we’re trying to be prepared. We’re making changes. […]
The more you invest in different forms of real estate, the more complicated your taxes become. Whether or not you do your own taxes, there is one thing of utmost importance […]
[…] If you are looking to buy your own home for the first time – it is obviously exciting news. However […}]
