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Finally, there are different taxes that will apply when investing in property, corresponding to Inheritance Tax or Income Tax. It’s important to talk to a tax advisor if you’re unsure of which taxes apply to your specific situation. You must decide on the kind of investment you’re making. Is it a fix and flip, a buy-and-hold or one other strategy?
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If it is an current property, consider the condition of the home and the amount of renovations or repairs that will be needed to make …