Vaampire Posted December 31, 2020 Report Posted December 31, 2020 7 minutes ago, Somedude said: Naa previous job lo oka Punjabi lady undhi. her husband used to do the same. They buy houses which are not suitable for quality living. They renovate and make it good and they live for a few years and sell. She mentioned that they make 60 to 100K profit out of it. They don't need to pay taxes on profit on primary residence if they lived for more than 2yrs in last 5 years. Neeku telisinantha varaku renos kooda max valley chestharu slow gaa evarini hire chesukokunda. Quote
Somedude Posted December 31, 2020 Report Posted December 31, 2020 3 minutes ago, Vaampire said: They don't need to pay taxes on profit on primary residence if they lived for more than 2yrs in last 5 years. Neeku telisinantha varaku renos kooda max valley chestharu slow gaa evarini hire chesukokunda. Yes, you are right. They used to do the work themselves. Sometimes they had to get completly new gas connection and etc. That will increase the house price substantially. Quote
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