New builds in Austin TX

[Manu D.]

Builder is allowing me to move into existing contracted new build for about 7 months before moving to another new one which I can buy now. Both are in same community and will be closed as primary (builder lender confirmed). Price is coming to cheaper than resell comps so I’m betting on the fact that these two houses will have good equity immediately after completion. But the tax rate is high and cash flow would be difficult if I rent the first one. I plan to continue staying in 2nd for 2 years to avoid tax and move into 1st one to complete 2 yrs for that as well. So in 4 years I will have 2 houses for which I don’t have to pay taxes on the gains if I sell. Any feedback on this approach?

[David Sandvig]

That's an awesome plan.  I used the 121 exclusion on my first investment property.  I'm excited for you!