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This is Topic: Real Estate Following are the News Items published under this Topic.
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| news: Tax Tips |
| on Saturday, April 03, 2004 - 12:23 AM Posted by: admin |
Tax time! Are taxes going to hurt your profits this year? Well, here are some deductions that can save you money.
1. Real Estate Taxes: Property taxes are deductible, and can be a major expense.
2. Depreciation: Be sure to deduct depreciation; it is the tax-shelter benefit of Real Estate ownership.
3. Maintenance Expense: This could be huge. Expenses include repairs, heating, lighting, water, gas, electricity, telephone, and other service costs.
4. Management Expense: Deduct the cost of management services, including stationary and postage.
5. Traveling Expense: Travel for business? Even traveling back and forth from properties for repairs are deductible.
6. Interest Expense: Interest on mortgages and other debts relating to the property.
7. Insurance Expense: The cost of premiums for fire and casualty loss are included here.
8. Advertising Expense: Vacancy signs, newspaper ads, and websites.
Be sure to deduct as much as possible, but it is advised that you consult a tax professional.
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| news: Coming Soon ! |
| on Friday, April 02, 2004 - 05:20 PM Posted by: admin |
We are still working on providing more information on Real Estate Investing, but we have many things planned for the near future. We will be providing a FREE Newsletter giving advice, success stories, and tips on Investing in Real Estate. We will also have tutorials and articles on how to get started making money in Real Estate Investing. We have many creative solutions for getting financing for your investments and how to maximize profits. Check back regularly for updates. |
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Quote of the day |
Warren Buffet's two rules of investing:
1. Never lose money
2. Never forget rule #1 |
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