How do I select a financial adviser familiar with rental properties to explain the tax benefits?

We are into our 401k, have a small stock selection, and am nearing the standard deduction when we itemize. We refi%26#039;ed a couple of years ago to a 15 year, 4.25% fixed, with at least 250k in equity. Last year, our income level even reduced our child tax credit, and we will be earning 17 percent more this year without overtime or bonuses calculated.

I don%26#039;t want to withdraw money from our house, 401k, or stocks, but really want to lower our tax liabilities.

Would a rental property be the best method to utilize our increased income, and also increase our net worth and reduce our tax liabilities?

Have you got a better idea, or tax solution? (Must be legal, and not involve giving my money to someone else to mismanage).

How do I select a financial adviser familiar with rental properties to explain the tax benefits?

I don%26#039;t know if I would talk to a financial planner on this topic, however I would talk to a CPA on it. Depending on what your looking to do, I%26#039;m not sure if investment properties would be the route to take. If your looking for residual income, you might want to look into a triple tax free muni. It doesn%26#039;t grow as fast as real estate, but it is safe in protecting your investment.

How do I select a financial adviser familiar with rental properties to explain the tax benefits?

Perhaps the best way is to ask your friends or your colleaues who are in the same boat.