I believe in practice it does not actually offset the capital gains but reduces my taxable income dollar for dollar with the loss, as long as my Modified Adjusted Gross Income (MAGI) is under $150K.

We are purchasing 1.39 acres of land and plan to utilize a workforce housing ordinance through the county to reduce the required lot size to fit more houses onto the land. 

. - Build out the equity on the house while living at reduced price (hopefully) due to charged rent.  

You are providing the seller a convenience1) The deal will not fall through because of financing contingency2) You can close faster than those neeeding financingIn exchange, the seller gives you a reduced price.

Here is the breakdown (for beginners) -  You can pay "Points" to reduce your interest rate.

However, we basically redrew the floorplan ourselves, drastically reduced the sq ft of the house and got a local architect to create the plan to make it work with our numbers.

Background:
Miami-Dade Condo property.I am a first-time seller.No mortgages or loans on my property.Standard Florida Realtors Association / Florida Bar AS IS Purchase Contract.Buyer in default on various provisions a...

My opinion is that rates will be reduced in by 1/4 pt in Sept with the intent of shinning a positive light on the democratic party.

Most NEW owners are very unreasonable on price because they want the highest price when they should be focused on reducing vacancy.

To reduce electrical calls, we educate our tenants at move in on flipping a tripped breaker and limiting electrical use.