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re: Capital gains on modular home sale

Posted on 5/6/21 at 10:42 am to
Posted by sultanofswing
Member since Mar 2021
17 posts
Posted on 5/6/21 at 10:42 am to
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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