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Updated almost 7 years ago on . Most recent reply

User Stats

55
Posts
26
Votes
Hunter Ambos
  • Real Estate Agent
  • Pickerington, OH
26
Votes |
55
Posts

Fix/flip profits to buy rental units

Hunter Ambos
  • Real Estate Agent
  • Pickerington, OH
Posted
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?

Most Popular Reply

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2,285
Posts
1,995
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Anthony Dooley
  • Investor
  • Columbus, GA
1,995
Votes |
2,285
Posts
Anthony Dooley
  • Investor
  • Columbus, GA
Replied

@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.

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