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Updated about 3 hours ago on . Most recent reply

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George Agyapong
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New to REI - how can multifamily affect W2 tax burden?

George Agyapong
Posted

I'm looking to purchase my first real estate property (2-4 unit multifamily) in CT. Besides cash flow and equity (buy and hold strategy), will this investment strategy help my tax burden from my current W2 job? 

I work a per diem gig in healthcare (W2) and I have been leaking quite a bit in taxes. I learned real estate investing could offer some ways to lower my tax burden; yet to discuss the details with my CPA. Before I commit to buying my first property this year - perhaps in haste for the tax purposes - I want to gauge how much one could leverage multi-family properties in my situation vs. other real estate investments (e.g. STR, commercial REs).

I would welcome any tips on questions to explore with my CPA while I consider these options. 

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