My buddy owns between 13 and 15 investment properties. He chooses not to pay off any of the mortgages because he says it helps him with his income taxes. He claims he got back over 50k in tax returns last year. IS this even possible?
also is it possible to get back morefrom the govt than you actually paid or does that excess carry over somewhere else?
Read more: How big of a tax deduction can you actually obtain?
