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re: Capital gains on modular home sale
Posted on 5/6/21 at 10:42 am to Mingo Was His NameO
Posted on 5/6/21 at 10:42 am to Mingo Was His NameO
I'd thought about going that route, but I'm looking to get it converted to the 30 year fixed rate sooner than later due to rates starting to creep up. I just don't think I can get the property financed on the secondary market with it having multiple residences. I may be able to get it financed on a more traditional product, but the difference between a 3.00% secondary market rate and 4.00% conventional is substantial over 30 years. Interest savings over time would more than make up for any capital gains paid on the sale of it.
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