The Stop Predatory Investing Act would prohibit large-scale single-family rental investors from claiming tax deductions for interest payments and depreciation on their properties. Specifically, the bill targets taxpayers who own fifty or more single-family rental properties, denying them these commonly used tax benefits on their rental income. The restrictions would not apply in the year a property is sold, but only if it is sold to an individual buyer for their primary residence or to a nonprofit organization focused on affordable housing. The bill aims to discourage corporate and institutional investors from accumulating large residential rental portfolios, with the intention of making more single-family homes available for individual homeownership and reducing what sponsors view as predatory investment practices in the housing market. The changes would take effect for debt incurred and property placed in service after the bill's enactment.
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