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Path: utzoo!linus!philabs!seismo!rochester!rocksvax!z
From: z@rocksvax.UUCP (Jim Ziobro)
Newsgroups: net.taxes
Subject: Re: Houses, Death and Taxes
Message-ID: <1054@rocksvax.UUCP>
Date: Sat, 19-Nov-83 00:19:00 EST
Article-I.D.: rocksvax.1054
Posted: Sat Nov 19 00:19:00 1983
Date-Received: Sun, 20-Nov-83 01:33:37 EST
References: <349@packet.UUCP>
Organization: Xerox, Rochester, N.Y.
Lines: 22


	Everything sounds neat except-

Everytime you refinance there is a wide variety of costs.  Many of which
are not deductible till the house is sold.

It is also unlikely that you could maintain only 5% equity in your houses.
Banks require the borrower to maintain a higher equity in rental units
and/or a higher interest rate.

You can only raise your rent so high before you have an empty house.

All this assumes property values will go up and you like being a land-lord.

	Remember you can get pretty good rates with some tax-free bonds and
have a lot less hassle.

-- 
//Z\\
James M. Ziobro
Ziobro.Henr@parc-maxc
{rochester,rocks34,amd70}!rocksvax!z