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Registered
Join Date: Apr 2001
Location: Linn County, Oregon
Posts: 48,886
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Have you thought of carrying the mortgage on the property you plan on selling? That would reduce any capital gains. I'd ask a minimum of 20% down though...plus an interest rate higher than a home mortgage rate. To CYA, the agreed upon rate could be the minimum paid, subject to review every year (?) in case interest rates go up.
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"Now, to put a water-cooled engine in the rear and to have a radiator in the front, that's not very intelligent."
-Ferry Porsche (PANO, Oct. '73) (I, Paul D. have loved this quote since 1973. It will remain as long as I post here.)
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