> more tax write downs than most other investments.
Just to be clear for other readers. The only special tax write downs for real estate is depreciation, which isn't a write-down, it's a deferral. (OK, yes you can escape the deferred tax by dying)
Having a mortgage is irrelevant to the tax situation. Mortgage interest is not treated any different than interest on any other business or investment financing. Even the margin interest in our brokerage accounts is deductible.
Just to be clear for other readers. The only special tax write downs for real estate is depreciation, which isn't a write-down, it's a deferral. (OK, yes you can escape the deferred tax by dying)
Having a mortgage is irrelevant to the tax situation. Mortgage interest is not treated any different than interest on any other business or investment financing. Even the margin interest in our brokerage accounts is deductible.