Real Estate Rental Secrets Millionaires Don't Want You Knowing
Leveraging Real Estate Tax Benefits
Real estate offers numerous tax advantages that can significantly enhance your investment's profitability. Millionaires often capitalize on deductions such as mortgage interest, property taxes, and depreciation. Additionally, there are opportunities for tax deferral through 1031 exchanges, which allow you to reinvest the proceeds from a sold property into a new one without paying capital gains taxes immediately. Understanding these tax benefits can save you substantial amounts of money, allowing you to reinvest in further properties3.