Can Your Home Be Your Biggest Wealth Builder?
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Season 3, Episode 8.
How do homeowners turn their houses into real wealth? Dustin Taylor and co-host Kyle Howell talk with Sarah DiMonaco, broker and owner of Remarkable Real Estate and Rentals, about the practical ways real estate can accelerate financial independence. From tax-free gains on your first home to the math of rental cash flow and 1031 exchanges, they break down strategies for building equity without overextending yourself.
In this episode, you'll learn:
• How long-term homeownership and extra payments accelerate wealth building
• Why tax rules allow up to $250k/$500k gains on home sales without capital gains tax
• When to refinance or use home equity—and when not to
• The "onion layers" of neighborhood appreciation and why location is key
• Smart upgrades that boost value without breaking the bank
• Risks and realities of rental property ownership vs. REIT alternatives
• How 1031 exchanges work for landlords ready to simplify
• The step-up in basis for heirs and why estate planning matters in real estate
Guest: Sarah DiMonaco, broker/owner of Remarkable Real Estate and Rentals.
Resources and contact: basewealthmanagement.com for articles, videos, and to connect with our team. Send your questions to question@basewealthmanagement.com to be featured in a future episode.
Disclaimer: This conversation is educational, not tax, legal, or investment advice. Talk with your professional advisor about your situation.
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