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by defen
2743 days ago
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> "No, because even if rents dip 20% I can make the mortgage payments and repairs and wait for the market to recover." 20% is the guaranteed max price he would pay on capital gains tax assuming he's held the property for more than a year, and then he'd have the money in the clear. His "even if..." scenario is not the worst case scenario for not selling. |
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