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Updated about 8 years ago,

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3
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Michelle Almodovar
  • Frederick, MD
0
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Selling Investment property

Michelle Almodovar
  • Frederick, MD
Posted

I have gotten tons of information about RE Investing that I am on information overload... there is one question that I am struggling trying to find the answer to.  What happens when we sell?  Looking for a long term investment that will pay me income during retirement.  So I understand that depreciation will decrease my basis on the property so what happens when I go to sell it?  Will I be dealing with huge Capital Gains?  If so, what is the strategy to reduce this impact?

Inquiring minds want to know :)  TYIA

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