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Reply to "I don’t understand how my neighbors are paying for their renovation"
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[quote=Anonymous]You have no idea how people conduct themselves. My DH and I when dating at age 22 fresh out of college bought a house in Vienna woods. That was 23 years ago. We held for a long time as a rental and then bought another house. We then 1031 exchange the Vienna house and didn’t sell our 2nd home and turned that into a rental as well. After renting the 1031 for a year to keep up appearances for the IRS we moved into it that home and here we are in a home that is paid off. We do not make a ton of money but we do use what we make wisely and have never been afraid to leverage ourselves. This approach has paid off very well in this real estate market. We sit in two income producing rentals and own a primary home without a mortgage I’m not sure why DCuM is sooo class obsessed. This is not a happy way to live your life. [/quote]
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