In one year you sell the house for 162000 and pay off the
You want to purchase a $150,000 house with a 10% down payment and the remainder on a one-year, 5% loan. In one year, you sell the house for $162,000 and pay off the loan and its accrued interest. You are in the 25% marginal tax bracket.
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you want to purchase a 150000 house with a 10 down payment and the remainder on a one-year 5 loan in one year you sell
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