Trump's Tax Policy and Purchase Timing
I wanted to get everyone's thoughts on the potential threats of a Trump presidency when it comes to the real estate market. I have seen other forums mention how he may end mortgage interest write offs as well as the possible end to 1031 exchanges. My question is, why would anyone want to be exposed to these possible threats and transact in the real estate market before all of these things are sorted out? Both measures would have a profound negative impact on the real estate market. That combined with rising rates kind of mkes me want to hang on to my cash with a tighter grip. Am i wrong for thinking this way? I guess good deals could always be found, but maybe it makes sense to sit tight for a while til the Trump train sorts out his tax policy...thoughts?
Most Popular Reply
Whenever the mortgage interest deduction is discussed as a possibility of being eliminated, its discussed for individuals primary residence....its typically not discussed for business expenses.
Frankly the tax benefits are a nice plus to real estate, but are not my driving factor in investing in real estate. I give the taxes very little thought, and in fact just sold a property with a large gain and elected not to do a 1031.
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