One way to create passive income and tax write offs is buying income property. If you buy non owner occupied ( you don't live there) costs are higher than owner occupied. The risks can outweigh the rewards, or the rewards can outweigh the risk, its entirely dependent on doing the hard work once.
In Taunton Massachusetts we have 16 mulit family homes on the market today, In Fall River there are 37.
I can also refer you a few excellent real estate attorneys-you will need one in any real estate transaction. I cannot emphasize enough how important it is to stay legal and compliant with being a Landlord in Massachusetts
Do your research- Be sure the return on your investment matches your goals. Be sure you have extra funds set aside for emergencies ( i.e.. one of your tenants didn't pay you)
I have much to say about this topic and will be posting more videos on multi family investing and flipping homes for profit. Stay tune
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