Allison James Estates and Homes

Listing & Representing

Any recommendations on a CPA who deals with clients that have numerous investment properties?Any recommendations on a CPA who deals with clients that have numerous investment properties?

Considering investing in Real Estate before year end? Here are 3 tax benefits you may not be aware of that may convince you: - NO FICA TAXES: Rental income is not subject to social security & medicare taxes. That's a saving of up to 15.3%.... - DEPRECIATION: the building value of rental property can be depreciated over 27.5 (residential) or 39 (commercial) years. On a half-million dollar building, that's upwards of $18K per year. - TAX FREE BORROWING: electing a cash-out refinance on a currently owned property allows you to roll your appreciated value into a tax free investment property. With low mortgage rates, it's a fantastic time to consider this. ****There are limits and restrictions to the above and results may vary based on financial position. You should always consult a professional CPA before making any decisions based on tax benefits****

CURRENT LISTING $494,999 Carlsbad 92009 Bright, airy, clean, turnkey condo in desirable neighborhood... 2bd/2ba w/attached 2 car garage 1,332 sqft w/ recent full remodel Laminate & tile flooring throughout Low HOA's Close to top rated schools, multiple shopping centers & parks See more