Newsletter -
[Cached Version]
Published on: 1/30/2005
Last Visited: 5/13/2006
Today's younger home buyers are willing, unlike those 5 or 10 years ago, "to put a little sweat equity into their properties," said Terry Donahue, president and co-owner of Prudential Absolute Realtors in Oconomowoc.
"They're truly buying it for the investment, even though they're living in it.Live in a place two years and you get the capital gains tax exclusion -- $250,000 if you're single, $500,000 if you're married.So they stay two years, sell and take the appreciation, then roll over to the next deal," she said.
McPherson, who works for Donahue, said several of his peers scout for bargain properties.
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"Here in the (Waukesha County) lake country, sales have been very strong," said Donahue.