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I was teaching about investment real estate. Mortgage interest deductions consider a nice chunk out of your tax burden as long since balance is smaller than the total price of your home.
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Since the amount of down pay and who is the responsible for paying this is mainly negotiable, like everything regarding property contracts, this can be arranged by the buyer and owner. The housing market will rebound, and you will see profits from your investment. Sometimes, closing costs can be extremely expensive and may add a considerable portion on the cost of your property.
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