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Investment Property: How Much Can You Write Off on Your Taxes?

Zillow

You can only deduct mortgage interest and repairs you make that restore the property to its original minimally functional condition. You can't deduct capital investments like new buildings, additions or renovations. If you're in the 28% tax bracket, you'll pay a 28% tax on short-term capital gains. More on these later.

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The Complete Guide to Buying a Home As a Government Employee

Raleigh Realty

You can rent the home out to tenants who pay your mortgage and bills while you continue to build your asset. Build Equity Every time you make a mortgage payment, you build equity in your home. Make Predictable Monthly Payments When you're a renter, you're at the mercy of a landlord. Remember to deduct interest payments.