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Updated over 6 years ago,
Implications of repair allowance
I am planning on selling my SFR rental. I am looking into making some repairs and then offering an allowance for new flooring and appliances, while listing a higher asking price to make up the difference. Has this strategy worked for anyone to save time, money, and labor? Are there tax implications with a higher sale price but the loss of the allowance?
Thank you,
John