Jason Robie: Why Baby Why?

I've played on both sides of the home ownership fence. In fact, you could say I've played on 3 different sides of the fence. I've been a homeowner, a renter and a landlord. None of those were more satisfying than playing the role of landlord. I know I've said it many times before, but there is nothing quite like the privilege of having someone else paying down your mortgage on your behalf! But today we're simply going to be focused on home ownership overall. Renting has its place. I'm renting as we speak! But the benefits of home ownership far outweigh those of renting and we're going to highlight some of those for you today. We're heading into the busier season (current crazy times notwithstanding) so let's get started.

First are the tax benefits. As an investment property owner (duplex) I was able to deduct every ounce of paint, most of the tools and basically everything I poured into that property from my taxes. That was awesome. But even as a homeowner, you are allowed to deduct the mortgage interest, your property taxes and some of the other costs associated with buying a home. When April rolls around (or July in this year's case!) you will appreciate the savings.