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Selling Your Investment Property?

Prairie Eco-Thrifter

Before you start spending your profits, take a breath and then sit down and think through what your net gain or loss might actually be – after taxes and all selling expenses. Real estate is subject to yearly taxes by the county. Of course, you have taxes every year you own the property as well. Capital Gains.

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How to Save Money by Downsizing

Prairie Eco-Thrifter

Statistics released by the National Association of Home Builders show the average home size in the 1970s was 1400 square feet; in 2004, this had blown out to a whopping 2330 square feet, almost twice the size. Real estate taxes are calculated on the size of the house so a smaller house will attract a lower tax rate.