home owners insurance terms
What is an investment property?
What effect my taxes? resale value of my home? My Home Owners Insurance? Please, help me understand this term and what change was made in a private home ownership. Thanks!
An investment property is any house you buy – not to live – but to rent to make money. All the income you receive will be treated as income, but you can offset the revenue and expenses using maintenance of the property. It does not affect the resale value of the house we live need insurance to rent the house if it burns.
Categories: Home Insurance