Welcome to Episode 2 in my Series REAL ESTATE INVESTING IN NEW YORK!
This series is also on YouTube, so if you're interested in visuals, you can go here to watch: https://www.youtube.com/watch?v=OqAJyfZTM-E&list=PLizl0_41aCfl_bFhI1KUp8upypyqSZIF1
This Episode covers everything you need to know about the financial and lifestyle implications of owning a Primary Residence vs a Rental Property.
Topics covered in this Episode:
☆ Benefits of property ownership
☆ Appreciation
☆ Depreciation
☆ Similarities & Differences between Primary residences and Rental properties
☆ Some Tax implications of property ownership
☆ Mortgage interest
☆ Capital gains tax
☆ Mortgage basics
☆ Debt-to-income ratio
☆ Rental Property write-offs
☆ Seeing Rental Property ownership as owning a business
Don’t miss Episode 3 which will explain my own personal Real Estate Investing strategy, exact scenarios of your financial obligations of owning a Primary Residence vs Rental Property, and how to make rental properties work for you.
If you ever have Real Estate related questions, feel free to Email me any time: Christina.Kremidas@elliman.com
Follow me on Instagram: @downtownnative - instagram.com/downtownnative
Discover the value of your home: http://findbuyersbk.elliman.com/cdanza
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