Soft Money
Definition of "Soft money"
- Money paid for a real estate project or investment that can be taken off on the tax return as an expense.
- Expenditures made during construction of a building that do not go directly into the building. Examples are permit fees, interest on borrowed funds, attorney fees, and real estate taxes.
Popular Real Estate Terms
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If buyers are considering a home with an assumable mortgage at a fair interest rate or if the sellers have already paid their mortgage, remember to consider seller financing. With seller ...
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