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Any landlords out there?
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Kyle
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Posts: 239
Any landlords out there?
wrote:
Isn't that what being a landlord is about? Why make it so nice and
spend too much money? Tenants should only be renting temporarily
anyway and try to buy a home.
Not necessarily. There are financial situations where it is better for
someone(s) to rent instead of buy a house, and take the difference
between what they'd pay on a mortgage and what they're paying in rent
and plow it into an investment with a higher return than real estate.
Yes, you miss out on the tax deductions you receive as a homeowner, but
apparently there is a way to ameliorate that loss in other ways.
I'm not entirely sure how it works, but I do know a financial adviser I
knew (and trusted) 15 years ago wanted me to go this route, but I moved
so it became a moot point.
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