My Taxes-How Much Real Estate Expense Can I Deduct? - Part 1

Real Estate Expert & Best-Selling Author, Gerald Lucas reveals how much in real estate expenses you can write off on your taxes every year in this installment of Ask Gerald a real estate question

Real Estate Tip:

Close on your mortgage refi before year end and claim points you paid—the IRS allows taxpayers to deduct points for any payments made in the tax year

Real Estate Insights:

Most homes in a flood zone never flood. Flood zones are determined by a probability index: that it may flood once within 100 years