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Updated almost 2 years ago on . Most recent reply

User Stats

191
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21
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Chris Kendrick
21
Votes |
191
Posts

Flip tax question

Chris Kendrick
Posted

So when you flip a house and make profit from it, you basically getting tax alot, like around 40 percent, is that correct? How are all these people flippers making money , i assume that there ARV is really good then to make good profit, but i original thought once you flip a house you could just put the profit you made from that into buying another property and not get taxed, but thats not right? You will always get tax, right?

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