Wisest Use of Capitol

[Robert Perkins]

Hello,

I am new to real estate and came across this site. I am weighing options in regards to investing in new property. Considering cashing out the equity in our existing home to purchase a flip house. 

I am wondering if it makes sense to refi, then rent my existing house out and turning our first flip into a primary residence to avoid Capitol gains taxes...sound reasonable or am I being green and naive? 

Cheers,

GettingaGrip

[Linval T.]

There is no silver bullet per se! But, some of your answers will unfold at the links below.

Welcome to the BP community. Ok, now that you have taken your initial step, below are some quick links to get engaged.

• http://www.biggerpockets.com/starthere
• http://www.biggerpockets.com/meet
• Setting up Keyword Alerts
• How to Use @Mentions on BiggerPockets
• 25 Tips for Real Estate Success

REI can be very daunting, but, before you go searching for that 1st buy, please take a few minutes to bone up on the tips in link below.

http://www.realestate.com/advice/buying-your-first-investment-property/