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Updated almost 7 years ago on . Most recent reply
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Fix/flip profits to buy rental units
I’m going to flip houses to supplement my income from being an agent and looking to use 100% of my flip profits to buy rental property. Are there any tax strategies available to avoid paying taxes on my profits since i plan to reinvest in rentals?
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@Hunter Ambos I would focus on making money, not the taxes. If you have to pay $100K in taxes next year, you had a great year. Your strategy is very commonly used. I would probably skip the flipping and move straight into buy and hold, if that is your end goal.