Having a mortgage, instead of a Rent payment can be a huge tax benefit. That is one of the major benefits associated with real estate ownership.
When you are purchasing a new home, it is important to understand the tax ramifications associated with it. First Time Home Buyers, Primary Residence is a little different than a Long Term Investment Property or a Flip.
Be sure to consult with your Tax Advisor to better understand your options. Some very useful real estate tax resources are listed below.
