We are always hoping to save money and real estate is the gift that keeps on giving or more literally speaking, it's the investment that keeps on producing: rent money, equity, resell value, and ... tax breaks.
Most people are able to claim a tax break the first year they own a property BUT did you know that in certain areas of Louisiana and MIssissippi, you can receive a tax deduction every year? Yep.
Since Aug 2005, any real estate purchased for business or rental property provides an additional yearly tax deduction for the property owner.
In the (1) Louisiana parishes of Calcasieu, Cameron, Orleans, Plaquemines, St. Bernard, St. Tammany and Washington; and (2) Mississippi counties of Hancock, Harrison, Jackson, Pearl River and Stone.
If you would like more info, call your tax professional or you can call me to determine how to set up your property to earn as much income for you as possible, and how to determine what you can and cannot deduct.
Email me at firstname.lastname@example.org for more info and we can set up a phone appointment.