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Ownership of incomeproducing property can be one of the greatest ways you can put your money to work and keep more of what you earn. Here is a list of seven big plusses:
1. Employ leverage and acquire property with a minimum of cash outlay.
2. Enjoy a higher cash flow than in other investments.
3. Retain profits you earn by paying lower taxes on such income.
4. Provide a tax shelter, so that you pay less tax on other income.
5. Have ability to refinance and take out large sums, tax-free.
b. On sale date, enjoy lower capital gain rates
71.8%