A) You should talk with your accountant before you buy so that you completely understand
real estate tax benefits that include:

1. Interest and expense deductions.
2. Depreciation benefits.
3. 1031 exchanges.

B) Your accountant can help you decide:

1. If you can use real estate tax benefits.
2. How renting your property will affect your tax situation.
3. Should file a South Carolina tax return if you live out of State?
4. Should you get a loan or pay cash?
5. Should you get a new loan secured by the new property you buy or use cash
from the refinance of a property you already own?
6. What per cent of your purchase should you finance?
7. If you should borrow your down payment.