DEAR BOB: What is your reasoning for not paying all cash for a property if the buyer has the funds and wants to cut down on monthly expenses? --Renee DeC. DEAR RENEE: If you buy a "bad house" or a "bad condo" for 100 percent cash, you are the "stuckee" who might not be able to sell that property except to another all-cash buyer. Purchase Bob Bruss reports online. However, if you buy for a modest down payment of 20 percent to 25 percent cash, and obtain an 80 percent or 75 percent mortgage, you won't have a large amount of cash tied up in one property. Of course, if you are independently wealthy and you will never need to see the cash you pay again, be my guest and take the risk of tying up that cash in a bad property. TWO-FAMILY DUPLEX SALE CAN QUALIFY FOR TWO TAX BREAKS DEAR BOB: I ...
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