While I'm on a roll, here's one more look at what could be done with that million dollar WF property. It could be sold, yielding a $850,000 net after capital gains tax. The $850,000 could be used to buy a tax free muni bond, which right now could be had with about a 4% interest yield. This would turn the WF property into a bond that pays $34,000 a year tax free. I'm sure some people could live large off of that.
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