All Forum Posts by: Anthony Casa

Hello Andrew - I'm relatively new to the site too. I hope the below response is helpful for you 

The capital gains tax event would be triggered at the actual sale of the property (when the gain is realized) and would be based on your all-in basis of the property and not a higher re-assessed value. The fact that you refinanced the property would not reset you're basis to the loan value, so your taxable capital gain in both instances would be 115k (300k-185k)  

I'm looking at a 4 property 15 unit property in North Carolina. The loans could potentially be broken up into 4 individual loans (per property) if the number of units is an issue for traditional lenders.