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!
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.
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