Your Rental Property Has Never Been More Lucrative

October 4, 2010 § 1 Comment

JohnPanagakosInvestmentIf you currently have a rental property, or even if you were thinking about getting one – Today’s low-interest rate environment will really make your investment pay off.

– Not only are the payments lower, but more importantly the proportion of each payment that goes go the principal mortgage amount is substantially higher than we have ever seen.

– At the current variable discount rate of 2.4%**, and with a 25 year amortization, 60% of the payment goes to principal.

– You will be building up equity in your home faster than ever.

– You can write off the cost of your mortgage interest against your rental income

– Also, you can depreciate all of your major appliances on your taxes. This gives you additional non-cash write offs to further cut down your tax hit.

*OAC **Rates are subject to change ***Please contact your accountant or financial planner before making any investments

Advertisements

§ One Response to Your Rental Property Has Never Been More Lucrative

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

What’s this?

You are currently reading Your Rental Property Has Never Been More Lucrative at Mortgage Live Updates.

meta

%d bloggers like this: