As long as you have spent the other $25k then your not going to owe much if anything. If you have to pay tax on $50k, that won’t be much at all. Unless 2k or so is to much for you.
As long as you have spent the other $25k then your not going to owe much if anything. If you have to pay tax on $50k, that won’t be much at all. Unless 2k or so is to much for you.
Go online to your local tax foreclosures going up in your local area. Properties get auctioned off. They can start from $1,000 or more for down payment just to enter, which if you don’t win you, get your money back and I’m sure you can find 1 for 30k. Depending on the state of foreclosure, you can flip it and either rent it or sell it for more than you paid. Just my $0.02