Buying & Selling Real Estate
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated about 5 years ago,
Rich Dad Poor Dad, Delaying Taxes?
Hello everyone! Im currently reading Rich Dad Poor Dad, and there is a sentence that I need a bit of clarification on.
"On the other hand, my real estate strategy is to start small and keep trading up for bigger properties and, therefore, delay paying taxes on the gain."
What exactly does the author mean? How does one delay paying taxes by trading up for bigger properties?
Thanks everyone!