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Your Investment Option
Condo appreciation in the area has been 5% per year
Let's assume you purchase a condo for 100K
You live in it for 4 years and sell it for 120K
That is not just a 20 thousand dollar profit. If you lived in the condo for 2 years, the IRS rules make it
Tax Free Profit
And the interest portion of your note is
Tax Deductible ! |