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3 Tax-Deductible Investment Expenses – anything that was directly connected to the production of investment income. Investors who itemized taxes could deduct those types of fees if the costs exceeded 2 percent of their adjusted gross.
1. Assess financial and professional resources. Take a realistic look at your finances to determine precisely how much money you can afford to invest in an income property.
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Thinking of buying your first rental property? Here are two formulas that will help you evaluate whether or not you will get a good return.
Experts say that buying income property could be a good investment, as long as you know what to expect. Consider these things before you buy a rental property.
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