HLS llc
DIY income*Frugal Living*Better Health Ideas* {RN, hablo Español}, What does real estate have to do with frugality and health? Saving money while living simply will provide you with the finances to repair your house project & good health will give you the energy to do most of the work yourself. Just live in it at least 2yrs then you can sell and pay no income tax.The rules are simple. If you are single you are permitted to make $250,000 on the profit ($500,000 if married)before having to pay capital gains tax. [your profit is the sale price minus your costs] .You can stay longer than 2 years of course. The profit normally will increase. Choose your house well. Know the area..do research..especially on the county property appraiser website. When the property taxes get too high and it's a seller's market and you find your next live in - fixer upper project....then that's the perfect time to sell. Channel photograph compliments of Bruno Martins on unsplash.com/photos/nZGE593FeEw
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