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earlyretirement.
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August 2, 2011 at 7:41 AM #715536August 2, 2011 at 8:10 AM #714333
kismetsdad
ParticipantDont forget the phase out of mortgage deduction and the AMT. You can run various scenarios through TurboTax to check out post tax impact of choices.
August 2, 2011 at 8:10 AM #714425kismetsdad
ParticipantDont forget the phase out of mortgage deduction and the AMT. You can run various scenarios through TurboTax to check out post tax impact of choices.
August 2, 2011 at 8:10 AM #715026kismetsdad
ParticipantDont forget the phase out of mortgage deduction and the AMT. You can run various scenarios through TurboTax to check out post tax impact of choices.
August 2, 2011 at 8:10 AM #715179kismetsdad
ParticipantDont forget the phase out of mortgage deduction and the AMT. You can run various scenarios through TurboTax to check out post tax impact of choices.
August 2, 2011 at 8:10 AM #715541kismetsdad
ParticipantDont forget the phase out of mortgage deduction and the AMT. You can run various scenarios through TurboTax to check out post tax impact of choices.
August 2, 2011 at 8:44 AM #714343Jazzman
ParticipantThe property tax bill alone on a $1m cash purchase means you would need to invest another $150-$200k income property just to pay it. On the other hand with the mortgage interest deductible possibly on the chopping block that might be a consideration. A cash purchase will offer you better leverage on negotiating a better price. Why do you have to live in a $1m home? A high price tag does not necessarily mean a better home. You can find some dreadful homes in that price range and some nice ones in a lower price bracket. Your age may also be a factor. If you are older, are comfortable and have opinions on credit markets, an all cash purchase in a low tax state is the simplest route.
August 2, 2011 at 8:44 AM #714435Jazzman
ParticipantThe property tax bill alone on a $1m cash purchase means you would need to invest another $150-$200k income property just to pay it. On the other hand with the mortgage interest deductible possibly on the chopping block that might be a consideration. A cash purchase will offer you better leverage on negotiating a better price. Why do you have to live in a $1m home? A high price tag does not necessarily mean a better home. You can find some dreadful homes in that price range and some nice ones in a lower price bracket. Your age may also be a factor. If you are older, are comfortable and have opinions on credit markets, an all cash purchase in a low tax state is the simplest route.
August 2, 2011 at 8:44 AM #715036Jazzman
ParticipantThe property tax bill alone on a $1m cash purchase means you would need to invest another $150-$200k income property just to pay it. On the other hand with the mortgage interest deductible possibly on the chopping block that might be a consideration. A cash purchase will offer you better leverage on negotiating a better price. Why do you have to live in a $1m home? A high price tag does not necessarily mean a better home. You can find some dreadful homes in that price range and some nice ones in a lower price bracket. Your age may also be a factor. If you are older, are comfortable and have opinions on credit markets, an all cash purchase in a low tax state is the simplest route.
August 2, 2011 at 8:44 AM #715190Jazzman
ParticipantThe property tax bill alone on a $1m cash purchase means you would need to invest another $150-$200k income property just to pay it. On the other hand with the mortgage interest deductible possibly on the chopping block that might be a consideration. A cash purchase will offer you better leverage on negotiating a better price. Why do you have to live in a $1m home? A high price tag does not necessarily mean a better home. You can find some dreadful homes in that price range and some nice ones in a lower price bracket. Your age may also be a factor. If you are older, are comfortable and have opinions on credit markets, an all cash purchase in a low tax state is the simplest route.
August 2, 2011 at 8:44 AM #715551Jazzman
ParticipantThe property tax bill alone on a $1m cash purchase means you would need to invest another $150-$200k income property just to pay it. On the other hand with the mortgage interest deductible possibly on the chopping block that might be a consideration. A cash purchase will offer you better leverage on negotiating a better price. Why do you have to live in a $1m home? A high price tag does not necessarily mean a better home. You can find some dreadful homes in that price range and some nice ones in a lower price bracket. Your age may also be a factor. If you are older, are comfortable and have opinions on credit markets, an all cash purchase in a low tax state is the simplest route.
August 2, 2011 at 8:48 AM #714348desmond
ParticipantNot for stupid comments? I have been here for at least 5 years….
August 2, 2011 at 8:48 AM #714440desmond
ParticipantNot for stupid comments? I have been here for at least 5 years….
August 2, 2011 at 8:48 AM #715041desmond
ParticipantNot for stupid comments? I have been here for at least 5 years….
August 2, 2011 at 8:48 AM #715195desmond
ParticipantNot for stupid comments? I have been here for at least 5 years….
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