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Updated over 10 years ago,

User Stats

28
Posts
3
Votes
Mike Fitzpatrick
  • Real Estate Investor
  • Framingham, MA
3
Votes |
28
Posts

1031 in MA

Mike Fitzpatrick
  • Real Estate Investor
  • Framingham, MA
Posted
Hey guys, I feel like I've asked this question a million times and the answer is no. But I want to minimize my tax burden on a house I am in the process of flipping. I am only planning to hold the house for 3 months and I am going to reinvest the profits into a multi family or another flip. Ideally id do a 1031 exchange but does anyone know on the requirements for holding and renting it etc? Any other tax saving strategies that have worked for you? I am in the Massachusetts area. Thanks, Mike

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