Portfolio Strategy Tax Question

[David Mazza]

Hey all, I have a very high level tax strategy question / hypothetical as a sole proprietor LLC. Let’s say I own a place worth $100k. After expenses, I net $15k in cash flow at the end of the year. I then take that $15k and buy another property, netting me back at $0 profit for the portfolio. Do I have to pay taxes on the $15k, or does it wash out due to the reinvestment back into another property? What if I earned the $15k through an investment in a syndication vs self managed property? Would that change anything? Thanks for the thought!