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Updated about 8 years ago on . Most recent reply

Account Closed's profile image
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Account Closed
  • Investor
  • from Bethlehem, PA
  • Member since Sep 19, 2015
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Account Closed
  • Investor
  • from Bethlehem, PA
  • Member since Sep 19, 2015
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Account Closed
  • Investor
  • Bethlehem, PA
1
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21
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General Real Estate Investing

Filing for Homestead Exclusions

Account Closed
  • Investor
  • Bethlehem, PA
Posted

I just finished reading "Investing in Duplexes, Triplexes and Quads" by Larry Loftis. There is a section he brings up about claiming a Homestead Exclusion for your primary residence. I have never done this. Does anybody have any experience with filing for this exclusion for the benefit of reducing your property taxes?

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Andrew Acuna
  • Investor
  • from Mission, Texas
  • Member since Mar 27, 2017
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Andrew Acuna
  • Investor
  • from Mission, Texas
  • Member since Mar 27, 2017
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Andrew Acuna
  • Investor
  • Mission, TX
135
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Andrew Acuna
  • Investor
  • Mission, TX
Replied

Daniel Timpert I just did it! The only "drawback" is they did it for 1/4 of the overall property since I occupy 1/4 units but it save me almost $400 in taxes!

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