@Sam Shueh the property is in Indiana

Hey @Matt Kendall and @Sam Punturiero, I am not in the stamford / fairfield area but @Steven Calascione is.

Anytime you pay less than 20% down, lenders factor mortgage insurance into your loan payments (typically $100/month for every $100,000 you finance).Uncle Sam also lets you deduct mortgage interest.

Look out Sam Zell!

.… Economy is still excellent Sam Shueh

@Sam Abazari I am also sending you a connection request and message.

A big thanks to Uncle Sam from us early filers who wasted our money.

Sam & Heather Jones- I've got a few properties that are well/septic, and they are a PITA.

Their logic of income tax sheltering and tax-advantaged appreciation for them isn't wrong, and it makes sense for them given just how much of their income they currently lose to Uncle Sam, but that might not be right for you.That's a very different set of criteria than someone looking for cashflow, someone that isn't already very high income, someone looking to use RE to build income and wealth rather than merely using it to shelter existing income and wealth from taxation Trump-style ("I pay very little in taxes" says the billionaire).

As a retiree I have learned that IRA’s and 401K are good for collecting some wealth, but are not good vehicles for bypassing Uncle Sam’s greedy cut at tax time.