The Two Safest Ways to Invest in Real Estate
The following is a guest post written by Terry Sprouse, author of “Fix em Up, Rent em Out: How to Start Your Own House Fix-up and Rental Business in Your Spare Time” - Find out more at Fixemup.org
In my opinion, the two safest ways to get started in real estate, are: 1) buy a home, rent it, then do it again, and/or 2) buy a home, live in it 2 years, then sell it without paying any federal taxes using the “homeowner’s tax break.” Over the past six years, my wife and I have used both techniques. We have several properties that we keep as rental properties and provide us with cash flow. In addition, we also buy houses in need of repair with the intention of selling them and utilizing the “homeowners tax break” to pay no federal taxes.
Turn Your Residence into a Rental Instead of Selling It
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Original post by bob