Why You Should Buy Your Parents’ Home and Rent it Back to Them
Buying your parents’ home and renting it back to them can be a smart strategy to protect family wealth, create tax benefits, and give your parents peace of mind. Done right, it unlocks equity for them, provides you with rental property deductions, and keeps the family home in the family.
The Real Estate Professional Tax Strategy
I’m often surprised how many taxpayers get fixated on being a Real Estate Professional as their primary tax-planning goal, while others avoid it like the plague. Yet, there are still others that don’t even know what the fuss is all about.
