Your Guide to Massive Wealth Through Residential Investment Properties
Tax Benefits and Considerations
One of the most attractive aspects of residential property investment is the tax advantages. Investors can deduct mortgage interest, property taxes, and operating expenses from their taxable income. Depreciation is another significant tax benefit, allowing investors to reduce their taxable income based on the wear and tear of the property3. It's advisable to work with a tax professional to ensure all potential deductions are utilized effectively.