Many Realtors are not pricing their listings to sell because consumers are in denial on how much their home is actually worth.Foreclosures are EVERYWHERE and investors are truly taking advantage of that.

Even Trump has a few properties currently operating or under development.Despite the fact that the property is in a hotel setting, a condo hotel is considered a private residence, and owners are eligible for mortgage interest deductions and other tax advantages that come from owning a second home.

This is VERY POWERFUL and gives you a great advantage over your competition.

I'm sure its been discussed before and I've read plenty about it on this forum but can someone who is currently succesful in taking advantage of whats going on in the country fill us in?

Too much competition in my opinion......Just what I was thinking right then.........thought I'd share.

So, now I focus on getting buyers to work with me and once they are qualified and ready to purchase, THEN I match a property up to what their criteria is.Not a lot of Realtors have a "Plug" into Private, NON-MLS, distressed, Wholesale deals like I do, so it works in my favor as far as competition goes in my area.

If the property is not producing an income after expenses (assume 50% of the gross scheduled rent is paid back out in expenses) then the tax deduction will only marginally improve what is likely a bad deal.Are the deals you are considering profitable and you just want to take advantage of the tax code?

Is there any advantage to this strategy when it comes to investment properties?

I am looking into buying rental properties in lower income areas because of the positive cash flow and affordablitity, not to take advantage of anyone.

I keep the rent a little lower than competition when we advertise for tenants.