Cruising Sailors Forum Archive

The simple thing to do is look at it as an investment

It's not the nest or a place to come back to if plans change. It's an investment that's giving you equity while you're cruising. Always good to have an investment and real estate has always been one of the best investments out there. Investing in your home is one of the only things the gov. gives you the upper hand on. Tax structure is set up for the home owner.

Someone mentioned the word 'Duplex' earlier. If you sell and within a short time purchase a duplex, you'll be swapping in the same market. Nothing lost and you have two places to rent out for income. If you decide in a few years to commute cruise you just move into one of the units. Interesting thing about income property that's used as a dwelling is that you can spend money on it fixing it up and write it off. Later you move in and reap the benefits. You need to work out a few details tax wise but it's all in you're favor if done right (purchase as a personal home first, then fix and rent). Not a bad way to go.

OK, so I'm on the computer a lot at the present. I caught some kind of bug (maybe the flu) just before I left Ca. and feel lousy so I'm taking it easy and recouping. Ran out of DVD's yesterday.

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