Tax, SDIRAs & Cost Segregation
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 9 years ago on . Most recent reply

NO Income Tax from BRR Strategy?
https://www.biggerpockets.com/renewsblog/2015/04/2...
I would like to use an example where the refi actually nets money. For instance, buy a property for 30K, fix up for 20k, refi at 70K (assuming 100K ARV). In this example, one nets 20K. Since the property has not been sold yet, that income is not taxed, correct?