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re: Will move in next 2 years, tons of equity, 3.00% note, best way to capitalize?

Posted on 6/12/23 at 8:59 am to
Posted by Chucktown_Badger
The banks of the Ashley River
Member since May 2013
31325 posts
Posted on 6/12/23 at 8:59 am to
Pretty sure you only pay capital gains on anything above $250k increases in value.

I sold my place when we moved to Charleston and now we’re just renting waiting on the market correction.
This post was edited on 6/12/23 at 9:01 am
Posted by PistolPete45
Mandeville, LA
Member since Apr 2012
468 posts
Posted on 6/12/23 at 9:07 am to
Got to live in for 2 of last 5 years for that to be true.

Guess I'll have to sell.

I have a traditional loan, I'll have to call Wells Fargo to see if it's assumable.
Posted by weadjust
Member since Aug 2012
15160 posts
Posted on 6/12/23 at 10:35 am to
quote:

now we’re just renting waiting on the market correction.


You may be renting for the rest of your life
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