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dollars invested, it is possible to make a small killing on land through the use of land options, leverage and acquisition just prior to change in land-use. And you can sell off the benefit at the lower capital gains rates on the profit. And while you are holding the property, you can deduct the amount of interest and taxes from your taxable income. Also it takes almost none of your time in management.
If there is anything we can do to help you in the field of real estate, please phone or drop in at EILEEN M. DAY. REALTOR, The Gopton House, Washington, Va. 22747. Phone: 675-3400. We’re here to help.
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