Creating Wealth Real Estate Investing - Archive Episodes 301-400

Mike Murphy of the CPA firm Murphy, Murphy, & Murphy is one of the lauded experts invited to speak at the 2014 version of Meet the Masters of Income Property Investing back in January. The topic is one near, dear, and feared by property investors – real estate taxes. There’s an old saying, “Nothing is certain but death and taxes.” Taxes are a fact of life. Although the prospect of dealing with taxes is not especially appealing, Jason has been extolling the tax benefits associated with rental real estate for years. As America’s most tax-favored asset, it can put money back in your pocket (or keep it from ever leaving in the first place) better than anything else. In episode #367 of The Creating Wealth Show, listen as Mr. Murphy delves into a topic that often confounds our best attempts to understand it. According to current U.S. tax laws, virtually any funds an investor directs toward maintaining or improving an investment property can be tax deductible. Some deductions can also apply to periods of vacancy