View Single Post
Old 08-15-2007, 10:46 AM   #3
Sylvanfan
Appealing my suspension
 
Sylvanfan's Avatar
 
Join Date: Sep 2002
Location: Just outside Enemy Lines
Exp:
Default

So are you talking about doing a refinance on that other property to get you some down payment money to try and buy the place you're in? Do you want to keep that one bedroom condo that is yet to be completed and buy the two bedroom unit that you are in? Is there a policy with that one bedroom condo that you can not sell it for a full year after it is complete? If your dual income is sufficient to carry the mortgage values for both property's I don't see why you wouldn't be able to do it. I would certainly check with a tax expert though you don't want to be in a position where you're having to pay capital gains on that one bedroom condo starting at the price you first bought it for.
__________________
"Some guys like old balls"
Patriots QB Tom Brady
Sylvanfan is online now   Reply With Quote