Capital Gains

[N/A N/A]

I have been doing my research for the past few months and I have been trying to investigate all aspects of "the flip." One question I have is- How much do most of you generally pay, percentage-wise on captial gains. I am aware of the 1031 exchange, but how much are you pocketing after all is said and done?

[Ryan Webber]

Well it completely depends on your income tax bracket. "Flips" or anything you resell within a year of buying it (without utilizing a 1031) is taxed as ordinary income.