Re:Investors bought a record share of U.S. homes in 2021
by TomVDB on Thursday February 17, 2022 @11:46AM
(#30375220)
Other than deducting mortgage interested from your taxes, is there currently any government subsidy for investment property mortgages?
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Re:Investors bought a record share of U.S. homes in 2021
by ejstronge on Thursday February 17, 2022 @12:02PM
(#30375500)
On the smaller scale, and for certain kinds of multi family purchases, government-backed financing is available and it is usually cheaper than what one might find on the private market
Re:Investors bought a record share of U.S. homes in 2021
by rcpt on Thursday February 17, 2022 @03:04PM
(#30377953)
You get $500k in capital gains waived when you sell your house in California. You don't get that with GameStop stock
Re:Investors bought a record share of U.S. homes in 2021
by TomVDB on Thursday February 17, 2022 @03:46PM
(#30378429)
That’s for principal residence, not investment properties: https://www.nolo.com/legal-encyclopedia/the-250000500000-hom....
Re:Investors bought a record share of U.S. homes in 2021
by pkaye on Thursday February 17, 2022 @03:32PM
(#30378271)
Doesn't that exclusion also exist at the federal level?
Re:Investors bought a record share of U.S. homes in 2021
by VirusNewbie on Thursday February 17, 2022 @02:33PM
(#30377568)
CA's property taxes along with 1031 exchanges mean housing investments are favorable to other types, when it should be the other way around.
Re:Investors bought a record share of U.S. homes in 2021
by dminor on Thursday February 17, 2022 @05:24PM
(#30379509)
Not for the mortgage itself, but real estate investors typically pay very little tax on their rental income. You can take depreciation, and deduct maintenance/repairs, property management fees, property taxes, insurance, etc. in addition to mortgage interest.
Re:Investors bought a record share of U.S. homes in 2021
by jjav on Thursday February 17, 2022 @07:30PM
(#30380774)
Are you suggesting a business should pay tax on the gross income, regardless of their costs? A store should pay income tax on the gross sales, without deducting the cost of purchasing the things they later sell?