Tax advantages of being a landlord – One reason fortunes are made in real estate

Indeed, putting up with unscreened tenants can be a real pain. But offset that by improving real estate markets and favorable tax rules that aren’t available for other types of investments. In fact, favorable tax rules are a big reason why so many fortunes are made in real estate. The other big reason is that leveraging real-estate investments with mortgage debt can greatly multiply the upside potential.

But let’s stick to taxes here. This article is the first of several on the most important tax issues that landlords need to understand.   article

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Loophole allows bypassing taxes

You read that right. Over assessed property in Detroit goes to tax sale and the same owner buys it back – taxes wiped out.

http://www.businessinsider.com/detroit-landlords-skirting-tax-debt-rebuying-foreclosed-homes-2011-9

The tax sales about MI all have a little different flavor. But never dull to the investor !