Should We Buy Property For The Tax Write-Offs?
August 28th, 2008 By Peter G. Miller
No.
Property should NOT be bought for tax purposes alone. If properties are not now appreciating or producing a positive cash flow, then tax write-offs will hold little worth.
If properties are now losing money each month but can be turned around on a reasonable basis, say by making improvements that lead to higher rents or a greater market value, then the story may be different.
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