Smart Ideas
These figures are not guaranteed, but are believed reliable at the time of this printing. Please consult an accountant or financial advisor for all possible tax benefits for which you may qualify.
- Enjoy Real Estate Appreciation
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Based on historical Blacksburg Real Estate Data, owners can project 4% per year in property appreciation, generating an estimated additional $33,961 in Profit!
- Deduct Your Travel Expenses
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As an owner, you can resonably deduct travel and meal expenses! ($200 fee X 12 months) X 4 Years X 30% = $2,880 in Savings!
- Deduct Your Management Fee
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Pay your student to "manage" the property and deduct the fee from your taxes! ($200 fee X 12 months) X 4 years X 30% = $2,880 in Savings!
- Depreciate As Investment Property
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Take advantage of a 27.5 depreciation benefit less the cost of land! (Sales Price ($169,950) - Land Value ($25,263)) / 27.5 X 4 Years X 30% = $6,313 in Savings!
- Declare As A Second Home
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You can deduct all of the interest paid on your mortgage! (Mortgage Interest X Tax Bracket (30%) X 4 Years = $12,189 in Savings!
