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Updated about 8 years ago,
Selling Investment property
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