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Updated about 1 month ago, 10/14/2024
Personal Home Rental
Investment Info:
Single-family residence buy & hold investment in Fredericksburg.
Purchase price: $298,000
Cash invested: $20,000
Sale price: $510,000
Personal home for three years, turned into rental property for next seven years. Sold to tenant before having to pay capital gains tax (extended occupancy test due to military move).