Rental properties have many tax benefits including depreciation. The IRS allows you to depreciate a percentage of your rental properties every year and write that off as an expense. If you have online payday loans indiana over 2000 houses instead of just one, you can get triple the tax deductions.
If you have three properties instead of one and the market appreciates, then you also have the benefit of triple the appreciation. It is the same situation if rents go up, the more properties you have, the more money you will make.
I never count on rents to go up or appreciation, but it is a nice bonus. With multiple rental properties, you are also paying down the loans on three properties, which increase your returns as well. When you think of the tax savings, possible appreciation and equity pay down the returns shoot through roof. What are the downsides to buying more rental properties with loans.
There is a downside to more properties.
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