Are Real Estate Investors in for trouble?

[Michael Tierney]

How will proposed changes to eliminate the mortgage interest, state and local tax deductions impact us? A big part of our business is leverage. If suddenly all of our write-offs for interest and taxes go away, won't our properties appear to be a lot more profitable to the tax man? Won't that mean Real Estate Investors get hit with a lot more income taxes? Won't some highly leveraged properties go from cash flow positive to cash flow negative? It looks to me like every one of my properties would cash flow less if I lose my biggest deductions. Appreciate opinions on what we should be doing to deal with this possible disruption to our business. Thanks!