Cash or mortgage to buy an investment property?

I have cash to buy an investment property but I heard it's better to set up a mortgage for tax purpose. Can anyone explain the reson why?

It is said that setting up a mortgage is advantageous because the mortgage interest is deducted from the rent income, so there is a tax benefit. However, by the time you pay up the mortgage you will end up paying a few times more than the actual sale price. Is it still a good idea to set up a mortgage? If so, why?

Because you are able to utilize the mortgage interest on your income tax return - thus reducing the total price by the amount saved in taxes.

With business you still have to pay this tax & that tax, but ih you get a house its an investment without tax, buy & sell your gross profit is your net, but if you want more value then ofcourse you need to give a facelift with the property.
I just invested money on a beatiful house, dont have to earn big money to buy a big house, just 7.5k deposit and earning around15k per annum, i have asmall bar in my house playing room too, call richard on uk property invest on 01214525600 tell him i told you.

After giving up smoking I can afford extra 125 pounds that I used to spend on tabacco and another 320 pounds for drinking outside it will all change on 1st July. This would effect the Bars & night clubs alot since 65% of major clubers are smokers other 35% are dead anyway because of smokers.

Good Luck & Good Health & Make Tax Free Earnings

I have some shares in a bank. My opinion is that you should take out a mortgage from my bank and pay me interest for the next 30 years.