Service Members invest in real estate for the same reason anyone does. It is a nice thought to be building equity in your name rather than someone else’s, it is difficult to find rental properties in desirable areas, at a decent rate, that will take our furry children, housing on post is nonexistent or the wait time is ridiculously long.
Owning your own home is a feeling unlike any other. It can be freeing,(you can finally paint those walls in the dining room red) or it can be daunting – you’re the one that has to fix that leaky roof.
A home purchase is often the largest single investment people make. Here are a few tax rules if you have taken the plunge to purchase a home and decided to rent it out because of a PCS move. Continue reading