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Updated about 9 years ago,
strategy
i bought a house in 2011 that was at $200 and now it is at $500, i think the market is still going up. My strategy is to wait 4 years than sell it when the market is high and than wait for the market to tank and buy 3 houses with the profits. My concern is when i do sell it i have to pay a lot of taxes and if i do 1031 i only have a few months to sell it to avoid tax.
how can I sell and avoid taxes.. if i am not ready to sell it in a few months.. i want to sell it keep a lot of profit and wait until houses go down in value than buy 3 houses.. what is the best way to do this..
im sure some of you guys have the strategy of buying cheap selling high and buying several houses when the market tanks.. how do you minimize your tax liabilities?