Never Buy a Property for the Tax Benefits
A tax deduction cannot turn a bad real estate deal into a good one. Depreciation, bonus depreciation, and projected tax losses can make an investment more attractive, but the property still needs to make sense based on price, financing, cash flow, condition, market, and realistic prospects. My Ted Take: Never let the tax tail wag the investment dog. Buy a good property first. Then use the tax code to make a good investment even better. Subscribe for practical, year-round tax planning for real estate investors. #TedTalksTax #RealEstateInvesting #TaxStrategy
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