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

Zillow

JULY 11, 2019

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. Watch for opportunities to take deductions for these common real estate investment expenses: Mortgage interest.

Investing 43
Investing Bracketing Property Taxes Real Estate 43
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5 Negotiation Secrets Smart Buyers Use to Get Better Deals

Berkshire Hathaway

AUGUST 30, 2022

Are you looking for a move-in ready rental property or are you willing to consider a home that requires renovations? Besides the purchasing price, your budget should also include other costs such as renovations, structural and environmental assessments, downtime during transitions, legal fees, realty commissions, taxes, and contingencies.

Buyers 49
Buyers Legal Fees Real Estate Renovations 49
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