Capital Sales Tax = Bummer

[Tim Moore]

Hey BP Family have you ever done an analysis on a possible property you can flip and realize the amount of capital gains tax you would have to pay?  Well I recently did and I am flabbergasted on the amount that I would have to pay. I have been researching on ways that I can utilize that amount for my benefit instead of "giving it away." I would love to hear your advice, book recommendations, and any guidance that you would have for a newbie.  Thanks again. 

[Steven May]

Tim, are you strictly a house flipper or are you looking at long term buy and holds. With buy and hold rentals you can obviously continue to scale up through 1031 exchanges which defers tax payments on capital gains.