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Real estate investing generates big tax benefits

Realty Tax Tips – Part 5: Owning rental property
Published on Feb 11, 2005

(This is Part 5 of an eight-part series. See Part 1: Recent changes to the $250,000 home-sale tax exemption; Part 2: Personal-use time determines vacation-home tax break; Part 3: Moving costs beef up real estate tax deductions; Part 4: Homeowners take refuge in casualty loss assistance; Part 6: Tax savings abound with real estate exchanges; Part 7: Home-business expenses add up to tax savings and Part 8: 10 most often overlooked real estate tax deductions.) At the 2005 International Builders Show in Orlando, Fla., economists David Seiders of the National Association of Home Builders, David Berson of Fannie Mae, and Frank Nothaft of Freddie Mac agreed that mortgage loans to rental-home investors are becoming a significant factor in home sales. As much as 9 percent of home sales, they reported, involve investors buying houses and condos for rentals rather than owner-occupancy. Purchase Bob Bruss reports online. With average annual residence market value appreciation hovering around ...

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