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Paul Podgorski's Advice

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Paul Podgorski wrote:

new or used home?

Answer
I think everyone would prefer new or newer but the real decision will be based on what is available in the price range and area your are looking to buy. If you buy used you should have the proper inpections by licensed professionals to provide assurance that the property is not in need of immediate reapirs.
January 12 2011
(0)

Should "flipping" be taxed differently?

Response
There are different situations that would create a taxable situation. For example the 500k exclusion relates to a primary residence for a married filing jointly couple. Each situation could be unique to a person's finacial, marital and income situation along with other factors. A tax accountant would be your best source for consultation.
January 12 2011
(0)

do you pay market value or tax value for a home if neighborhood has high forclosure

Answer
You pay market value in typical situations, howver, foreclosures tend to drive prices down. Tax assessments do not represent true values in most cases.
January 11 2011
(0)