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Updated almost 8 years ago on . Most recent reply presented by

Brandon Hanks's profile image
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Brandon Hanks
  • Investor
  • from Fayetteville, North Carolina
  • Member since Jul 10, 2016
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Brandon Hanks's profile image
Brandon Hanks's profile image
Brandon Hanks
  • Investor
  • from Fayetteville, North Carolina
  • Member since Jul 10, 2016
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Brandon Hanks
  • Investor
  • Fayetteville, NC
12
Votes |
16
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Tax, SDIRAs & Cost Segregation

HELP NEEDED! Real Estate problem that needs fixing.

Brandon Hanks
  • Investor
  • Fayetteville, NC
Posted

To all my BiggerPocket Investors and Professionals, I need feedback ASAP.

(SCENARIO)I have owned a house for over 25 years as a primary residence and want to move and get a new house. I was thinking about renting it out. My realtor said that once I rent it out, I will be taxed at a higher rate when I sell it later. Is this true? and to what extent? I just kinda got the feeling that she is talking me into selling it, so she can make that money. 

Any feedback would be appreciated.  

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David Dachtera's profile image
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David Dachtera
  • Rental Property Investor
  • from Rockford, IL
  • Member since Aug 18, 2014
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David Dachtera's profile image
David Dachtera's profile image
David Dachtera
  • Rental Property Investor
  • from Rockford, IL
  • Member since Aug 18, 2014
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David Dachtera
  • Rental Property Investor
  • Rockford, IL
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David Dachtera
  • Rental Property Investor
  • Rockford, IL
Replied

@Brandon Hanks,

The "investment" is in relationship building, really.

Start building your team by building relationships. Accountant, attorney, title agent, RE agent/broker, others ...

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