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Chapter 10: what about taxes?(real estate investments )
- Article from:
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Making Money in Real Estate
- Article date:
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January 1, 2000
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Copyright informationCOPYRIGHT 2000 The Kiplinger Washington Editors, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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"Death and taxes and childbirth! There's never any convenient time for any of them."--MARGARET MITCHELL (1900-1949), GONE WITH THE WIND
IMAGINE A BUILDER'S TRACT OF UPSCALE HOMES. PERHAPS 20 houses are built and occupied, another ten are in various stages of construction, and several of the remaining 30 vacant lots display "Sold" signs. Can you guess the topic of conversation most likely to come up at the first neighborhood cocktail party or backyard barbecue?
You guessed right! Real estate. Homeowners will almost certainly talk about the pace of sales, the builder's latest price increase and how much higher he's likely to go, the quality of construction, and local ...