Thinking of turning your home into a rental property? 🏠 Recently, we've discussed topics like cash vs. mortgage and capital gains. Today, let's tackle another common question: whether to sell your home and buy another for rental purposes. Why consider selling your primary residence for a rental property? 👉 By selling and reinvesting, you establish a new cost basis for tax purposes. 👉 Remember the "2 of 5 Rule", to maintain eligibility for the $250,000 profit exemption. Want to chat about the financial implications? Reach out! We're here to help you make the best decision for your situation. https://lnkd.in/dwDA_iFt #RentalProperty #FinancialDecisions #ObsidianPlanning #PropertyTips
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Production Manager, Mortgage Loan Originator at First Community Mortage, NMLS: 372937 FCM NMLS: 629700
Crafting the perfect budget? There’s a lot of factors to consider! The size of your down payment and the mortgage program you choose are key players. Don’t forget to account for property taxes and maintenance costs! Let’s create a budget that fits like a glove for your financial future! https://lnkd.in/gYGafNwU #budgetingwisom #Dreamhomefinancials #Smarthomeinvesting
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🏡💡 Understanding Financial Considerations: Buying vs. Renting 💡🏡 Navigating the decision to buy or rent? Weighing the financial aspects is crucial. Consider the total costs of both options, including mortgage payments, property taxes, insurance, and ongoing maintenance. Align these costs with your budget, long-term financial goals, and the current housing market conditions to make an informed choice. 👉 Need help evaluating your options? Donna Nettestad & Sons can guide you through the financial intricacies to find the best fit for your lifestyle and financial situation. Donna Nettestad & Sons "We Get Results!" 📞 (727) 726-5599 #FinancialPlanning #HomeBuyingTips #RentVsBuy #DonnaNettestadRealtors
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Crafting the perfect budget? There’s a lot of factors to consider! The size of your down payment and the mortgage program you choose are key players. Don’t forget to account for property taxes and maintenance costs! Let’s create a budget that fits like a glove for your financial future! https://myoc.io/loumoratti #budgetingwisom #Dreamhomefinancials #Smarthomeinvesting
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Before using your home equity to buy a second home, there are several factors you need to consider: - Can you afford the additional monthly mortgage payment and other expenses like property taxes, insurance, and maintenance? - Are you comfortable taking on additional debt? - Do you have a solid financial plan in place to manage your debt and expenses? Check out our website https://www.fairchoice.ca/ for more info! #HomeBuying #Equity #Refinance #HELOC #FinancialPlanning #RealEstateInvesting 🏠💸🔑
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Crafting the perfect budget? There’s a lot of factors to consider! The size of your down payment and the mortgage program you choose are key players. Don’t forget to account for property taxes and maintenance costs! Let’s create a budget that fits like a glove for your financial future! https://lnkd.in/eXGE2__F #budgetingwisom #Dreamhomefinancials #Smarthomeinvesting
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Buying a home today, even with slightly higher interest rates, is a smart move to secure your financial future. Not only do you build equity, but you also protect yourself from rising rent costs, giving you stability and control over your housing expenses. Call me today 209-609-0300 or email me at [email protected] #SmartInvestment #HomeownershipAdvantages
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Crafting the perfect budget? There’s a lot of factors to consider! The size of your down payment and the mortgage program you choose are key players. Don’t forget to account for property taxes and maintenance costs! Let’s create a budget that fits like a glove for your financial future! https://myoc.io/fcmboston #budgetingwisom #Dreamhomefinancials #Smarthomeinvesting
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🏘️ How do you own your home sooner?🏘️ Our Tax Effective Cashflow Strategy aims to get you on a pathway to financial freedom through home ownership sooner How does it work? Based on a $520,000 remaining loan, additional monthly payments of $1,479 would take 15 years off your mortgage and save you $332,769 in interest. Using effective tax planning, such as the ATO dispensation schedule & negative gearing our team of Ramsey Property Strategists can build an effective solution tailored to your lifestyle. Speak to our specialised team to help unlock financial freedom and achieve your financial and lifestyle goals through strategic property investment, contact 1300 001 215. 🪴 #propertyinvestment #propertyinvestment #propertyplanning #mortgageadvice #ramseypropertywealth
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Check this out!! Equity is the current value of your home minus what you owe on the loan. And thanks to the ongoing rise in home prices, the average homeowner's equity grew by $28,000. That’s huge. Check out the map above to see how much the typical homeowner gained in our state. And if you want to find out how much equity you have, reach out to me and let’s chat. #homepriceappreciation #mdrealestate #cmdhomegroup #toprealtor #realestate #realestatewarrior1
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When it comes to mortgages, term length is crucial. With 15-, 20-, or 30-year options available, each choice has its own benefits. Longer terms mean lower monthly payments, but shorter terms help you pay less in interest. Find the balance that fits your financial goals! 📊💰 📩 [email protected] 📲 (781) 956-7789 #SmartHomeBuying #MortgageTips #HomeFinance
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