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re: Rental property question
Posted on 1/9/20 at 2:11 pm to ulsaint
Posted on 1/9/20 at 2:11 pm to ulsaint
One other reason I was considering selling this year is that I think this is the last year I can see with fewer tax implications since I've still lived in it three of the last 5 years. I need to go back and refresh myself on that rule.
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Yeah, you're getting some good advice on here.
Taxes ramifications was going to be my question for you.
I've got single family homes and most are paid for. I still manage myself, but will consider management if I burn out. But I bought right and put most on short term mortgages.
I'd be inclined to sell this one and you decide what to do with the proceeds.
I heard some of the oil companies are laying off in Houston. How deversified is the economy?
----------------
Yeah, you're getting some good advice on here.
Taxes ramifications was going to be my question for you.
I've got single family homes and most are paid for. I still manage myself, but will consider management if I burn out. But I bought right and put most on short term mortgages.
I'd be inclined to sell this one and you decide what to do with the proceeds.
I heard some of the oil companies are laying off in Houston. How deversified is the economy?
Posted on 1/9/20 at 2:51 pm to ItzMe1972
quote:
I heard some of the oil companies are laying off in Houston. How deversified is the economy?
Pretty diverse. Obviously oil is huge, but it's not like Lafayette that has no other real industry.
It's the fourth biggest city in the country and will be fine.
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