exit strategy for flips and rentals

[Jim L.]

Does anyone know of any ways to save on taxes for the sale of flips and rentals other than a 1031 exchange? Perhaps an IRA or other type of savings plan.

[Bryan O.]

You are talking about apples and oranges with flips and rentals. Flips are standard income, rentals are investment income. 2 different animals with different tax methods. I would reach out to a CPA familiar with working in RE and investing in RE and set up a meeting. There are also many posts about taxation you can find using the search.

Best of luck. Now is the time to get your tax strategy for 2017!