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Updated over 6 years ago,

User Stats

22
Posts
2
Votes
Joseph Watson
  • Albany, GA
2
Votes |
22
Posts

Real estate tax benefits with seperate high income sources?

Joseph Watson
  • Albany, GA
Posted

Hi there BP members hope you are all well today. I have a few issues that I am getting large differences of opinions on. I make over 100k a year at my current job and wanna get into rentals on the side to eventually get out of working for "the man" if you know what I mean. With my income that high and being single I am already taxed ridiculously here in ga. Will getting into real estate hurt me in my overall tax picture. I have talked to a couple of small town cpa's. One says there are many tax benefits to owning real estate even with my income and others say I won't see any benefit or possibly negative! I really love the idea of rentals but man it's hard to stay motivated with all the negativity around you not only from people you know but even some professionals in certain businesses. But I'm here so obviously I'm not letting them discourage me. I will make my own way and make my own future. Thanks in advance for any help. I know this is a long read but searching the forum I didnt see much on discussions like this. 

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