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All Forum Posts by: Chris Henry

Chris Henry has started 1 posts and replied 1 times.

General Real Estate Investing

Post: Suggestions for offsetting passive income

Chris HenryPosted
  • Phoenix, AZ
  • Posts 1
  • Votes 0

Hi there, and thanks for reading.

I have a rental property with strong / steady annual net income of about $100k/year. This is after all expenses/depreciation. 

I'm not looking to build a rental portfolio, but wonder if I should purchase another property in order to generate passive losses to lower my taxes. 

I'm pretty early in investigating this, reading the forums and other things online. Does anyone have any early suggestions/guidance on this issue? Part of me thinks -- wow, this is a lot to pay in taxes, I should try to lower that! The other part of me thinks -- yeah, it's a lot in taxes because you have a great rental property, be happy about that! 

Thoughts?

0 Votes