MY ACCOUNTANT TALKS ABOUT THE TAX BENEFITS OF REAL ESTATE, BUT HOW DOES IT COMPARE TO OTHER INVESTMENTS?
One of the main advantages of investing in real estate is the tax benefits which allows you to build equity more quickly. Tax benefits include: tax-deferred capital gains for your own home, a one-time tax-free gain of up to $125,000 for persons over age 55, tax deductions that reduce the effective cost of your mortgage payment, and equity buildup. Another benefit to real estate is that you have a lender who acts as your partner in the investment. With other vehicles, the money you risk is generally all, or mostly, your own. For information on tax matters, consult a financial advisor. For professional advice and service on real estate matters, consult a real estate agent who’s a REALTOR, a member of the NATIONAL ASSOCIATION OF REALTORS.
