Live In Flip Dallas, TX

[Angela Waterman]

Hello BP, I’m a newbie & would like at some point to do real estate full time. I bought a house in Jan 2015, it was a complete fixer upper. I’ve done a lot to bring it back to life & I’m thinking of possibly selling it. I have 2 questions, do you all think we have reached the top of the market? And I have to pay capital gain taxes, if I decide to sell since I’ve lived in more than 2 years? I think I heard on a BP podcast you don’t if you have lived in the home for 2 years and the gain is less than $250,000 for singles. Just want to make sure I understood that right. Any comments & thoughts are appreciated.