Is your primary residence a liability?
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As a mom of 3 in my 30s, everyone told me to buy my primary residence first but I didn’t listen. Because locking myself into a big mortgage in an expensive market wasn’t going to build the wealth I wanted for my kids. Instead, I bought rental properties in affordable markets where the numbers actually made sense. Less money down, lower risk, more cash flow, and appreciation working in the background. Your first property doesn’t have to be the one you live in. It just has to be the one that moves
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3.1K views · 21 reactions | When selling your primary residence, you might not trigger Medicare Irma because you can get a tax exemption. If you’re single that’s $250,000 and if you’re married that’s $500,000 of profit that is excluded. But when selling a rental property or your business there is no tax exemption. If you need help with Medicare insurance book a free appointment at themedicarefamily.com. Weir licensed in all 50 states. | Sylvia Gordon | Facebook
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