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Updated about 2 years ago on . Most recent reply

Alan Faitel's profile image
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Alan Faitel
  • Real Estate Broker
  • from Cocoa Florida
  • Member since Aug 18, 2015
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Alan Faitel's profile image
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Alan Faitel
  • Real Estate Broker
  • from Cocoa Florida
  • Member since Aug 18, 2015
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Alan Faitel
  • Real Estate Broker
  • Cocoa Florida
37
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266
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Starting Out

Is there a nickname for living in a house for 2 years and then selling it. Then buyi

Alan Faitel
  • Real Estate Broker
  • Cocoa Florida
Posted

Is there a nickname for living in a house for 2 years and then selling it. Then buying and living in it and rehabbing and then selling the house in 2 years. Is there a nickname for the strategy

Orlando, Florida
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Albert Bui's profile image
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Albert Bui
  • Lender
  • from Bellevue WA & Orange County, CA
  • Member since Oct 6, 2013
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Albert Bui
  • Lender
  • from Bellevue WA & Orange County, CA
  • Member since Oct 6, 2013
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Albert Bui
  • Lender
  • Bellevue WA & Orange County, CA
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Albert Bui
  • Lender
  • Bellevue WA & Orange County, CA
Replied

HI Alan,

There is a nick name for this and some like to call it the “live in Flip,” however the IRS likes to call it a home owner exemption as your capital gains are excluded up to 250/500k if you live in there for 2+ years.

@Matthew Kwan@Carlos Valencia

  • Albert Bui
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