California Real Estate Q&A Discussion Forum
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 6 years ago,
Impact of Tax changes on buying primary residence vs investment
Hi,
I live in Bay Area (East Bay) and have been thinking of buying a property either for primary residence or buy 1-2 investment properties in Orlando/Vegas. From what I have researched the new tax rules for high income W2 earners (especially in high tax states such as CA) makes tax deduction on primary residence less relevant.
I do not have much experience in RE investing so want to double check with other investors/locals if it makes more sense to buy for primary residence or investment?
Thanks,
Gaurav