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Updated about 6 years ago on . Most recent reply

User Stats

62
Posts
65
Votes
Rafael Zavala
  • Investor
  • Lebanon, PA
65
Votes |
62
Posts

Sell house hack ,avoid capital gain tax or hold it as a rental

Rafael Zavala
  • Investor
  • Lebanon, PA
Posted

i bought a house that im house hacking for 26,500, put in about 6k in it, (materials) , mostly was sweat equity. I could  sell it now , i lived in it for 2 years, selling price would around 89k, by selling it now i could avoid capital gain taxes, if i wait until next year to sell it i have to live in it for another 3 years in order to avoid capital gain taxes. If i kerp it as a rental it would give me roughly 6k cash flow a year, what would you guys do?

Most Popular Reply

User Stats

62
Posts
65
Votes
Rafael Zavala
  • Investor
  • Lebanon, PA
65
Votes |
62
Posts
Rafael Zavala
  • Investor
  • Lebanon, PA
Replied

i bought the house cash, no loan. Actually i was thinking about refinancing it and buy more properties.

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