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Buy a Rental Property Before Year-End: Why and How – This article is part of the End of Year Tax Tips Series from tax and legal expert Mark J. Kohler. I realize it may be unrealistic to purchase a rental property in just a couple months before year-end..
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The Basics of Lease Options and Purchase Sales – · During the term of the option, the buyer agrees to lease the property from the seller for a predetermined rental amount. The term of the lease-purchase agreement is negotiable, but again, the common duration is generally from one year to three years.
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Can We Break Our Lease to Buy a House? – Our lease on our Texas rental apartment runs through February, but we found a house that we want to buy. Can we break our lease without paying the remaining rent? A: Congratulations on finding a house.
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