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To: SaxxonWoods
The best move I made was buying a home in 2021 with a 30-year fixed rate mortgage at just over 3%.

I’m practically sitting by the phone, waiting for a banker or mortgage bond investor to call me in tears and ask me to pay it off now at 50 cents on the dollar. :-0

8 posted on 12/02/2023 8:16:47 AM PST by Alberta's Child (If something in government doesn’t make sense, you can be sure it makes dollars.)
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To: Alberta's Child

Nice work! One of my strategies was to buy a house I wanted to live in later and rent it out until I was ready to use it as a second or first home. Worked out great, more than once. When you buy a rental or second home and then convert it to a principal residence and then sell it after being in it at least two years, no taxes on the gain. I had a near 100% tax-free gain on a rental home I later used as a second home and then a principal residence. I sold it to a friend who gave me 50% down and I carried his mortgage. I kid him that I hope he defaults!


10 posted on 12/02/2023 10:38:15 AM PST by SaxxonWoods (Successful People Have a Sense of Gratitude. Unsuccessful People Have a Sense of Entitlement)
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