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Selling Your Investment Property?

Prairie Eco-Thrifter

Some of the costs you may encounter in a real estate transaction can be quite expensive. Real Estate agent commission : Negotiable! In addition they paid the real estate commission of 12,639 (6% – which was split 50-50 between two different realtors) as well as a first and second mortgage.

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Sell Your Home or Stay?

Prairie Eco-Thrifter

These may be different for you, depending on your age, stage of life and motivations. You not only have the cost of buying (or renting) the new home, but also all of the associated costs of buying and selling (commissions, closing costs, points, fees, interest, staging costs, packing and moving fees).

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23 Passive Income Ideas To Help You Make Money In 2023

Savings Corner

What if you’re unable to rent out your property? You may suddenly have tenants who can no longer pay their rent, while you may still have a mortgage of your own to pay. Or you may not be able to rent the home out for as much as you could before, as incomes decline. What if you get a tenant who pays late or damages the property?

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Pros and Cons of Paying Off Your Mortgage Early

Prairie Eco-Thrifter

Find Peace of Mind Peace of mind is another strong motivator towards getting the mortgage paid off. If you are in the speculative real estate market, your situation is different again. The interest on your mortgage is tax deductible if you rent your property, giving you an extra return on investment.