Month: October 2018
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Are there any disadvantages to selling a home and renting?
Reader Question: I just turned 60 and own my two-bedroom, two-bathroom, two-car garage condo outright, and it’s worth about $140,000. Condos in my area sell fast. Many people think it’s a waste of money to rent when you can build equity in your house, especially if it’s paid for. I guess it depends on…
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Five critical components for investing in real estate
Reader Question: I am considering investing in real estate. Can you explain how people avoid taxes just by owning property? Monty’s Answer: Real estate investors do not invest in real estate to avoid taxes. They invest in real estate to build wealth. Appreciation, income, and depreciation create wealth in real estate. Depreciation is also…
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Family dog discovers building defect – gets into hot water
Reader Question: We recently moved into a beautiful home that is 14 years old. We live in a gated subdivision with an HOA that was developed by the same real estate company which sold us our home. We are the third owner of the house and so far have had no issues. Recently I discovered…