🏡 Write-off your home! #shorts

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Some of the best parts of owning real estate are the tax benefits that you get.

💰 If you rent out part of your home or other units in your complex, you’re able to write-off that fraction of the property taxes, insurance, and expenses from your taxes every year.

This could save you thousands every year and help you build wealth that much faster!

PS: Not financial advice. Any investment commentary is my opinion only.

#realestateinvesting #taxfree #writeoff
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Going to be watching your videos for the next 6 months in preparation of buying a home.

So happy this video was recommended

alwayswinning
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So if you have a duplex you cant write off the total mortgage interest

dirtyharry
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It's a great idea until you go to sell it. Then you have to think about all the taxes that you're going to have to pay.

ETree
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What if you live in a single family and rent out the other rooms?

chuabaka
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Can't you explain it in simpler terms, any me from india how does this benifits me and my real-estate

otakusama
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This is so specific, what guy is gunna only sell 1/4th of this 4plex

lucendi
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Why would you let the government know you rent? They’ll tax that as taxable income now. 😂nothing is safe from them. Not even your bank account deposits. 😢

Ramanhere
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Don't copy caspercaptain or something like that

OmarElmenyawi-oy
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Me since I was 18 shit IRS don't got shit on me!

fernandoalvarez