Real estate investing has various benefits and challenges not associated with other investment vehicles. There are specific tax codes made just for those investing in real estate, whether they are commercial or residential.
Arthur Miller, the patron saint of geeky playwrights who end up marrying unbelievably hot women, once sagely observed that in life “maybe all that one can do is hope to end up with the right regrets.” Well, one assumes that Miller ended his days thrilled with regrets about hooking up with Marilyn Monroe. Even though their tumultuous marriage only lasted for five years, we’re talking about Marilyn Monroe here. What more needs to be said? However, one also hopes that Miller didn’t experience the all-too-common regrets — which are 100% miserable and never edifying — associated with selling a home. Here is [...]