What are the tax benefits to becoming a landlord?

Asked by Alison Hillman, San Francisco, CA Mon Mar 18, 2013

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Tom Inglesby’s answer
Tom Inglesby, Agent, Portland, OR
Mon Mar 18, 2013
Are you thinking about buying a house or renting out your basement? You have depreciation, taxes, mortgage deduction and improvements plus the greatest is rise in value as the market is going up finally. Good luck to you. Call an accountant and ask him and first start with your mortgage broker to see if they will loan you some money unless you are paying cash and in this market over 1/3 of buyers are cash buyers whether investment or personal residences. Good luck to you. Tom Inglesby, Broker RE/MAX Equity Gorup
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