Renting Versus Buying A Home

by Concerned Parent from USA

Question regarding renting versus buying a home: Dear Kate, What are tax advantages of buying a rental property and renting it to my daughter versus privately financing a mortgage for my daughter on this house instead?

Kate Answers: Renting Versus Buying A Home

Dear Concerned Parent, Looking at this from your daughter's perspective, here are some tips to evaluate renting versus buying a home.* But once she reads this, she'll probably want to buy the house versus rent from you!

*This is a free article from my other website www.Prime-Real-Estate-Articles.com

Your specific question regarding tax advantages of buying a rental property versus privately financing a mortgage for your daughter is a great one. But I would be remiss if I did not say the best way to receive great answers is knowing who to ask.

When it comes to mortgages, you've already know to Ask Kate! But when it comes to tax issues, seek out professional help from a certified public accountant or other tax professional.

I'm interested to know of the direction you take. Would you write back and tell us? I'm sure a lot of Readers consider the same scenario and would be interested to hear of your progress.

I've also included links to the popular How To Buy A House series at the bottom of this page.

Don't forget to take a moment to bookmark this page to your favorites and visit often for more home buying tips. You can also invite friends to comment on this page or ask a question of their own like you did.

Best Wishes,

UNIQUE Home Buying Help

Make your home buying a snap with the Home Buying Scorecard.

When traditional mortgage lending fails, it's time to look at Seller Financed vs Stated Income Mortgages.

Do you know this about Fixer Upper Houses? Toilets determine the age of a house and other tips.

Private Money Lenders because rural properties need special consideration.

Low Down Payment Mortgage - The dilemma of a low down payment.

Start your wealth building now by buying a foreclosed home.

The First Time Home Buyer Credit could be yours even if you have previously owned a home.

Learn the differences between Residential Construction Loans - Mortgages designed for building homes.

When private mortgage financing originates between family members, property tax and mortgage interest deductions frequently come into question.

First Time Home Buyer Advice - You decided to buy a house! What's next?

Stories From Home Buyers - Meet Kate's home buying visitors who tell their stories and give advice for buying a house.

Ask Kate About Home Buying - Ask a question to get an answer from Kate.

How To Buy A House Q and A - A complete collection of questions about home buying, each with a individual answer from Kate

Return to the Get Your Best Mortgage Rate homepage from Renting Versus Buying A Home

The information you obtain at this site is not, nor is it intended to be, a substitute for financial, real estate or legal advice. You should consult an attorney, accountant, lender or real estate agent, as applicable, for advice regarding your individual situation. Comments and opinions found here are not necessarily those of Get-Your-Best-Mortgage-Rate.com