which is the better tax situation?

General Real Estate Investing
1

i bought a 3-fam in february 2006 and i am about to buy another one. i live in the first one i bought

for tax purposes: would it be better to buy the second property this year, or next year? why?

2

tax consequences should never be the only justification for making a deal. If the only thing that makes it a deal is some tax break, it’s probably not a good deal.

If you take taxes out of the equation, would you rather do the deal now or later or never?

even if you’re taxed 40%, keeping 60% of something is better than having 100% of nothing.

3

i am buying the house, it’s a good deal.

i am just wondering if its better to close before jan 1, 2007 or after?

4

When you purchase makes no difference. Most of the tax benefit that you might accrue begins when you put therental property into service.