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Updated over 9 years ago,
First time investment property buyers!
Hey guys,
So me and my wife have been perusing the site for awhile, while we ponder buying our first investment property(ies). What we are getting a little hung up on is the tax aspect of it. Pretty much are we going to end up paying more in year end taxes or will an investment actually help us? We've tried to break down all the costs associated with a property and how much we will actually net each month, and we are thinking our first property will only net us about $100/month. Is this realistic? We will keep browsing but wouldn't mind some direct conversation with all you guys out there.
Thanks,
Chris and Mary