When genuine estate is sold, the seller owes a capital gains tax on the profit unless 1 of two major exceptions kicks in. One particular exception is for investors and the other is for owner-occupants who relocate and sell their house. I especially like the reminders to take down the sale indicators and placing a bunch of things in a bag and selling them collectively. Selling on eBay eliminates the want to sit outside at a garage sale all weekend or to pay rent and utilities in a common retail place, but it does not assure a profit any longer than opening up the doors of a new store in a neighborhood mall guarantees a profit. To make it worse, we live in a so/so area in a two bedroom 1 bath residence for $385,000.
She and her two teenage daughters have taken over half the rooms in the property, she shows no consideration for any individual else in the house and complains if other people do one thing she does not like eg use the washing machine/dryer on the weekends. This house is the smaller sized scale 1/24 size and I am saving this for my daughter Molly to … READ MORE