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Updated about 8 years ago on . Most recent reply

User Stats

159
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161
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Effram Barrett
  • Real Estate Agent
  • Houston, TX
161
Votes |
159
Posts

How does the real estate tax benefit work?

Effram Barrett
  • Real Estate Agent
  • Houston, TX
Posted
Now this is technically a legal question but I'm sure investors would know. How does the tax benefits work on real estate? For example , say I net $8,000 from a wholesale deal, do I put that 8 grand into an account and use it for my next investment? How exactly does it work? And I'm assuming I pay taxes if I do not put it into more property

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