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Updated over 5 years ago,
rental income quetsion
Just starting out with real estate investing and I haven't talked to the CPA yet.
Let's say you have a day job that pays well, $200k/year.
If you acquire 2 rental properties
property 1
rental income - expenses - mortgage interest - depreciation = $10000/year
property 2
rental income - expenses -mortgage interest - depreciation = -$15000/year
Does this mean that you end up with $5k deduction against the day job salary?