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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: pheilman_ who wrote (63457)10/7/2006 3:15:24 PM
From: TradeliteRespond to of 306849
 
Your example assumes the owner is (a) paying $500 per month in association fees and (b) not able to write those off as biz expenses, now that the condo is a rental property. My memory on tax stuff is getting fuzzy, but I'm pretty sure the owner gets to deduct those fees.

edit: Also, the owner must be getting some kind of tax break on his mortgage payments, no?


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