Comments on: How to Get $250K in Tax-Free Money Every 2 Years http://econedge.org/30/how-to-get-250k-in-tax-free-money-every-2-years/ Personal finance tips & economic articles to help you invest & manage your money Sun, 02 Oct 2011 03:51:44 +0000 hourly 1 By: EconEdge http://econedge.org/30/how-to-get-250k-in-tax-free-money-every-2-years/#comment-99 EconEdge Tue, 31 Oct 2006 16:04:30 +0000 http://econedge.org/30/next-post/#comment-99 Thanks Finance Junkie. Good points. Thanks Finance Junkie. Good points.

]]> By: EconEdge http://econedge.org/30/how-to-get-250k-in-tax-free-money-every-2-years/#comment-98 EconEdge Tue, 31 Oct 2006 02:28:02 +0000 http://econedge.org/30/next-post/#comment-98 I agree--it would be difficult to move every 2 years. But, on the other hand, gaining thousands of dollars tax-free would make moving much, much easier. :-) Yes, you'd probably see more appreciation when buying higher-priced homes. But, on the other hand, higher-priced homes (i.e. million-dollar homes) are harder to rent. Sorry to hear your property is down 30K from when you bought. But, you're probably not alone. Boston appears to be overvalued right now, according to most reports. There's even a site dedicated to tracking the so-called "Boston bubble." http://www.bostonbubble.com/ Have you considered moving out of Boston? I agree–it would be difficult to move every 2 years. But, on the other hand, gaining thousands of dollars tax-free would make moving much, much easier. :-)

Yes, you'd probably see more appreciation when buying higher-priced homes. But, on the other hand, higher-priced homes (i.e. million-dollar homes) are harder to rent.

Sorry to hear your property is down 30K from when you bought. But, you're probably not alone. Boston appears to be overvalued right now, according to most reports. There's even a site dedicated to tracking the so-called "Boston bubble." http://www.bostonbubble.com/

Have you considered moving out of Boston?

]]> By: Lazy Man and Money http://econedge.org/30/how-to-get-250k-in-tax-free-money-every-2-years/#comment-96 Lazy Man and Money Tue, 31 Oct 2006 00:40:24 +0000 http://econedge.org/30/next-post/#comment-96 I've thought of doing that before, but it's kind of difficult to move every two years. It's also hard to rent for three years and sell on the same day that the third year is up. You need to get one 6 month renter in there or something. It's still something I'd like to think about doing to some degree. Also, if you were buying million dollar homes, it might not be unreasonable to be able to see some really significant gains. There's no guarentee to inflation, my property is down 30K from where I bought it two years ago. I don't think it will jump up to much more than that in the next three. I've thought of doing that before, but it's kind of difficult to move every two years. It's also hard to rent for three years and sell on the same day that the third year is up. You need to get one 6 month renter in there or something.

It's still something I'd like to think about doing to some degree.

Also, if you were buying million dollar homes, it might not be unreasonable to be able to see some really significant gains. There's no guarentee to inflation, my property is down 30K from where I bought it two years ago. I don't think it will jump up to much more than that in the next three.

]]> By: Finance Junkie http://econedge.org/30/how-to-get-250k-in-tax-free-money-every-2-years/#comment-95 Finance Junkie Mon, 30 Oct 2006 23:54:55 +0000 http://econedge.org/30/next-post/#comment-95 There's other loop holes for those in the military: (1) People w/ less than 2 yrs of time in residence can get a pro-rated amount tax free if they are in receipt of military permanent change of duty station orders. (2) Instead of having to sell a property within 5yrs of a 2yr residency, military personnel can sell a prior residence within 10 years. The caveat, the 10yr exclusion applies to only one property at a time. There's other loop holes for those in the military:
(1) People w/ less than 2 yrs of time in residence can get a pro-rated amount tax free if they are in receipt of military permanent change of duty station orders.
(2) Instead of having to sell a property within 5yrs of a 2yr residency, military personnel can sell a prior residence within 10 years. The caveat, the 10yr exclusion applies to only one property at a time.

]]>