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Updated over 1 year ago,

User Stats

292
Posts
34
Votes
Sean Dezoysa
  • Investor
  • Toledo, OH
34
Votes |
292
Posts

Fix and flipper looking into best tax offset options

Sean Dezoysa
  • Investor
  • Toledo, OH
Posted

After considering passive investing for tax benefits, I decided that I may as well just sell some of my (150k or less) properties on a land contract. At the lower price points they don't fuss about no conveyance of title until payoff. 

Say the average all in cost is 50k for an 80k sale. Most of the time I have no mortgage, and no mortgage interest deduction. But I have the cash flow and depreciation. 

Can anyone think of a more efficent way to "buy" mortgage interest deductions and depreciation benefits?