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Other than deducting mortgage interested from your taxes, is there currently any government subsidy for investment property mortgages?
by TomVDB 5y ago
Other than deducting mortgage interested from your taxes, is there currently any government subsidy for investment property mortgages?
- deleted 5y ago[deleted]
- ejstronge 5y agoOn the smaller scale, and for certain kinds of multi family purchases, government-backed financing is available and it is usually cheaper than what one might find on the private market
- VirusNewbie 5y agoCA's property taxes along with 1031 exchanges mean housing investments are favorable to other types, when it should be the other way around.
- rcpt 5y agoYou get $500k in capital gains waived when you sell your house in California. You don't get that with GameStop stock
- pkaye 5y agoDoesn't that exclusion also exist at the federal level? https://www.irs.gov/taxtopics/tc701 https://www.irs.gov/taxtopics/tc701
- TomVDB 5y agoThat’s for principal residence, not investment properties: https://www.nolo.com/legal-encyclopedia/the-250000500000-home-sale-tax-exclusion.html https://www.nolo.com/legal-encyclopedia/the-250000500000-hom....
- dminor 5y agoNot for the mortgage itself, but real estate investors typically pay very little tax on their rental income. You can take depreciation, and deduct maintenance/repairs, property management fees, property taxes, insurance, etc. in addition to mortgage interest.
- jjav 5y agoAre you suggesting a business should pay tax on the gross income, regardless of their costs? A store should pay income tax on the gross sales, without deducting the cost of purchasing the things they later sell?