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Updated over 14 years ago,

User Stats

189
Posts
75
Votes
Mike V.
  • Rental Property Investor
  • St. Louis, MO
75
Votes |
189
Posts

So, how many of you move every 2 years for the tax free payday?

Mike V.
  • Rental Property Investor
  • St. Louis, MO
Posted

I ask this because I am modifying my strategy slightly to include this after paying a crap load of taxes last year. I fought the urge to do this since moving can be a drain on resources both time and money. I may be a glutten for punishment but three weeks ago I moved my family (myself, wife, 4 year old, 2 year old, 12 week old) to one of my rentals so that we could put our home on the market, all while rehabbing another home to live in.
This also dovetails into another desire of mine to try and move into higher end homes to rehab although I'm finding it much harder to find deals using the 70% rule. The deal I ended up doing was closer to 75% but the profit will be all tax free so that will more than make up for it.
I would love to hear from others that move every 2 years and those that don't on the various pros and cons.
If your wondering why I would move out while trying to sell my home you probably don't have young children (or they are at least far less destructive than mine).

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