Many people have benefited from property investments one way or another for the past 100 years. As the society advances and global network escalates, property investing offers more options for various type of situations. High-income earners invest mainly to leverage on annual tax deductions while building future equity. Low-income earners seek to preserve value and a chance to upgrading lifestyle. Investors seek to accumulate equity for retirement purposes and foreign investors seek to obtain permanent legal residency.
There are people buying and selling real estate in every type of market to achieve their goals and dreams. In a strong seller’s market, not everyone can benefit from selling a home. In a strong buyer’s market, not every buyer is prepared to purchase a property. There are many factors involved and financial strength is usually the main reason.
Although tax laws change, most W2 income earners do not have many options for tax writeoffs. Therefore, real estate purchasing has been the main option for them. There are more tax write-off options for 1099 or business entities. These write-off changes are usually more drastic and may change quite a bit year after year. Cornerstone Group offers individual and group investment opportunities. Since each person’s goal and situation is different, customized evaluation is necessary. Each individual or family’s situation may also change year after year; therefore, an annual evaluation is needed to best leverage your maximum benefits. To best leverage your annual tax deduction options, please contact one of our Cornerstone Group professionals to set up a Lifestyle Planning Session to evaluate your situation.
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