With the numbers I been getting for laminate, I might as well get that granite for $1160 put in. I

Basically I already know what direction I’m headed in. I

My manners aren't the greatest atm, so I just wanted to add this bit in.  I

So you can back into that number and see what price range you need to buy in....I also say you can back into a good number by what people make......so most people say people can afford housing at 1/4 to 1/3 their income....so take that and you know what they can pay in rent, then take the rent and calculate the purchase price.   

I was thinking to buy real estate in Canada and  other countries that I will be living in.  I

@Jake BaronThere is no "average" that an accountant will carry with them that will advise you saying your taxes will go up or down $$$ based on a certain income level.That answer is based on a wide range of scenario's.At the very least, you need to provide information such as budgeted income/expenses for the real estate property you plan to purchase, in addition you would only be including items related to the investment property.The portion of the property you plan to live in is considered personal.Downpayment is not necessarily deductibleThe cost of the building(not including land) is depreciated over 27.5 years(you can only do this for the investment portion).Closing costs are either immediately expensed or added to basis and depreciated over its useful life.Ohio is a unique state for tax purposes.

:@Reginald Collier first question, do you rent or own the property you live in? I

I am generalizing a bit as this is what I have seen in the markets I haves lived in... I

Rent rates are below market 20-25%.Does this add up to a decent property worth investing in.  I

I've been listening to BP podcast off and on for a couple of years, and now I'm ready to jump in! I