Search

Finished Your Flip? What Now!?

You May Consider Renting--Passive Income

Renting an investment generates income consistently over a long period of time. If you decide to sell the property down the road, you may enjoy a sizeable return--especially true if you purchased at the right time and sell at the right time. Additionally, the property has tax incentives, flipping does not. Investment income is usually taxed at 15% (20% if you make a lot of money). If you compare this tax rate to flipping income at 25-43%. Rental property owners can also write off expenses such as, repairs, maintenance, driving to and from the property, the cost of a property manager, the list goes on and on. Your single biggest advantage is writing off depreciation of your asset. Depreciation can potentially save you thousands of dollars a year in taxes.


Contact Us!

Trustpilot Logo

10/27/2020

Daniel V

The experience was amazing!!!

The experience was amazing!!!! Neal and Teri Made the real estate lending process extremely easy. They also help me increase my credit score from 535 to now a 689 in no time.

© 2018 by Teresa Smith | NSS Lending, LLC | Privacy Polity | Sitemap

  • Pinterest
  • Facebook
  • Twitter
  • LinkedIn

NSS Lending, LLC is NOT a direct Lender. We will match you with a hard money lender that is the best fit for your specific needs.