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SVTPerformance's Chain of Restaurants
Road Side Pub
Real-Estate Bubble Popping?
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<blockquote data-quote="AustinSN" data-source="post: 16798345" data-attributes="member: 159453"><p>Holy cow, that house is unbelievably close to where I lived (0-5 years old).</p><p></p><p>My parents were renting, it was $100 per month. Similar layout to that one lol. </p><p></p><p></p><p></p><p>I have a customer who did one, her father had a big piece of property near a port on the east coast that he bought for cheap back in the 1930s (she is old). He died, kids inherited it, they did a 1031 exchange and bought a very expensive rental property. After 2 years of creating income on the property they can turn around and sell it and only pay taxes on the income from the rents. At least that's how she explained it to me.</p></blockquote><p></p>
[QUOTE="AustinSN, post: 16798345, member: 159453"] Holy cow, that house is unbelievably close to where I lived (0-5 years old). My parents were renting, it was $100 per month. Similar layout to that one lol. I have a customer who did one, her father had a big piece of property near a port on the east coast that he bought for cheap back in the 1930s (she is old). He died, kids inherited it, they did a 1031 exchange and bought a very expensive rental property. After 2 years of creating income on the property they can turn around and sell it and only pay taxes on the income from the rents. At least that's how she explained it to me. [/QUOTE]
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SVTPerformance's Chain of Restaurants
Road Side Pub
Real-Estate Bubble Popping?
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