View Single Post
 
Old 07-07-2020, 02:51 PM
manaboutown manaboutown is offline
Sage
Join Date: Aug 2009
Location: NJ, NM, SC, PA, DC, MD, VA, NY, CA, ID and finally FL.
Posts: 7,415
Thanks: 12,967
Thanked 4,624 Times in 1,765 Posts
Default

Quote:
Originally Posted by John41 View Post
Why rent when you can buy and see a tidy profit in a few years?
Perhaps he is looking to buy well located houses in TV as investment properties, rent them out, claim depreciation on them on his tax returns and a few years from now sell them off at profit. He could ladder the sales, one or two a year to spread out his capital gains.
__________________
"No one is more hated than he who speaks the truth." Plato

“To argue with a person who has renounced the use of reason is like administering medicine to the dead.” Thomas Paine