A multi-family property can make great sense from an investment standpoint. Even for someone who’s not investment-minded, there’s the option of buying a duplex (two-unit home) or triplex (three-unit home), living in one unit and renting out the others, with your tenants’ rent moneys covering most or all of the mortgage payment. In many ways, … More Should You Invest in a Multi-Family House?
The term “depreciation” may be a little confusing at first, when you’re used to thinking of real estate as an investment that will build equity over the years. Real estate doesn’t depreciate the same way that a car does, for instance, losing value over time. Nor can the same depreciation methods that apply to, say, … More Understanding Depreciation of Real Estate
Like all taxes, your property tax is one of the government’s many ways of collecting money from you and repurposing it for the greater good of the community. In the case of a property tax, the government requires that the owner of a plot of land give back a non-uniform amount of money that’s determined … More Understanding Your Property Taxes and Your Right To Appeal Them