Effective January 1st, 2023, any home that is purchased and sold within the span of 1 year will be deemed to be "flipped" and 100% of any profit earned from the sale will automatically be considered taxable business income. Some exemptions apply. Questions? Reach out!
Is your mortgage coming up for renewal in 2022? Don't just sign a renewal with your current lender before having a look at your options. Renewal time is an opportunity to make some money-saving changes. Give me a call to discuss! 🏡
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Ready for another great week!
If you have any mortgage questions, I would be more than happy to answer them for you! 🏠
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