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Deferring taxes when buying Columbia county NY foreclosures



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By : Scott Zahid    99 or more times read
There are many different factors to consider when you are looking at Columbia county NY foreclosures as investments properties. You need to start by considering the fact that you do not always have to pay capital gains tax on the sale of the house. When you decide to roll over the profit, you do not eliminate the tax, but you defer the payment and pocket the profit for the time being.

These techniques work well for foreclosures in Madison, MS, and most experts agree that rollover regulations boil down to two simple rules.

You can gently roll the profit from the sale of your principal residence into the purchase of pricier homes. This might preclude you from renting out Columbia county NY foreclosures, but if you decide to live in the home for a number of years and then flip it over, you might find that your profits will be more substantial using this method.

The same goes for a rental property whether you are looking at foreclosures in Madison, MS or Columbia county NY foreclosures. The rental investment properties here are subject to the same rules and make the necessary adjustments that enable you to roll profit from the sale of a rental property into a more expensive unit.

This brings up the fact that you need to have some techniques under your belt to be able to find good foreclosure homes that are right for flipping. Of course, here you will want to start by looking at neighborhoods, and one of the qualities you can look for in any area is steady or rising Real Estate values.

An influx of homeowners, for example, moving in from other areas is another solid indication that you’ve found a good neighborhood to start investing in.
Original Post: http://www.mostlyforeclosures.com/blog/taxes-buying-columbia-county-ny-foreclosures.html on MostlyForeclosures.com, your source of bank foreclosures.

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