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Updated almost 7 years ago,

User Stats

21
Posts
11
Votes
Dillon Dull
  • Richmond, VA
11
Votes |
21
Posts

Write offs/expenses VS. Remaining profitable

Dillon Dull
  • Richmond, VA
Posted

So I have been thinking about this for some time. It seems like everyone tries to do everything in their power to increase their expenses and write-offs in order to not show any income to pay taxes on for their businesses. However with real estate investing couldn't this be an issue when trying to get approved for loan? When the bank sees that your business or real estate company is not or only slightly profitable wouldn't this make it tougher to take out more loans to buy more properties?

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