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Old 07-18-2013, 09:14 PM   #222
oifmarine2003
Babbling Farker
 
Join Date: 11-26-12
Location: Cedarburg, WI
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Quote:
Originally Posted by willbird View Post
The problem with buying as I understand it (and only a little) is that buying property is paid for with after tax money, LEASING property is paid for with pre tax money ?

Bill
Lease payments are fully deductible whereas only the interest on a mortgage is deductible. So, all the money you pay on a lease for the year is taken off of your gross profit at the end of the year and can keep you from paying a lot of taxes if you are successful.
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