Rental Property Analysis

[Patrick Ladouceur]

Hello, I am new to investing in real estate and currently in the analysis phase of investing. I live in Ontario Canada, I've found a triplex that I am interested in and I ran the numbers on what it would cost monthly and what kind of cash flow to expect. My question here is, why do I see everyone mention the property taxes as a monthly expense to take into consideration, but not the income taxes that you will get charged for receiving income from a rental property?

[Yonah Weiss]

Originally posted by @Patrick Ladouceur:

@Simcha Davidman, ok so if I am understanding this right, what you are saying is that the tax deductions associated with owning a rental property can off set for the most part the income taxes that you would pay for having rental income?

 Yes what @Simcha Davidman said is a pretty accurate breakdown. Just one technicality, residential rental property including multifamily depreciates on a 27.5 year schedule, and all other commercial properties depreciate on a 39 year schedule.