Is the cash flow 100% tax free if you own 100% of the property?

[Jan Van der vorm]

I own a investment property that is 100%

Owned by my LLC after paying back the loan.

Now the property in Indianapolis is cash flowing $700 per month. Is this tax free?

[Ross Denman]

@Jan Van der vorm I would speak with your accountant as there are plenty of tax write-offs available for your property. If you can't write off all of the income, you may consider investing more money in the home if the area can sustain a rental increase. Depreciation, property management, maintenance and repairs, capital expenses, etc. You may even consider refinancing and purchasing another property with the equity payout. That would create even more tax write-offs but probably lower your immediate cash flow depending on the financing terms.