I'm interested in buying a 4 or 3 unit building in the New Castle Pa. area using a Va mortgage.I intend to
live in one unit and rent the others for retirement income. Even though I am not a real estate broker I have read that I will be able to take depreciation deductions on my tax return since this is a income producing property. Is this correct? Does anyone know of a good book on this topic or the answer to the question. I'm also interested in law 1031 which allows you trade up to a more expensive unit and delaying tax lliability. Thank you Harry K
Answers (1)
FIRST ANSWER
Hi, my name is Dianne. I am an agent with Northwood Realty Services. If your interested in purchasing multi-units, please call me at 724-944-7306. You can find me on our website Good Luck.
Web Reference: http://www.northwood.com/diorio
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