I want to rent it out while I rent an apt. in Missouri. How would that work would I be subjeced to capial gain taxes if i decided to sell it a year later being that I didnt live in it and it would be my only property? Im thinking now would be a good time to buy but my job is in St. Louis for now. I need help what would be the best path for me to get back to Mobile and start investing in real estate. Any ideas?
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1 response so far ↓
1 elfkin the destroyer // Apr 23, 2008
i don't know much about taxes, but my mother is an agent in daphne at roberts bros. you might check out how fairhope's property tax is, the way she explained it to me sounded really interesting.
if i could, i'd buy in daphne or fairhope…just cause it's so pretty.
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