Then you could choose if you want to move into that next house and sell your current home with some tax benefits.

I think it depends on the individual and opportunity.

If you did a cost segregation study on the property in the past, you may have to recapture the depreciation taken in the past.capital gain tax rates are 0, 15 or 20%There is also a potential 3.8% Net Investment Income Tax.Also, don't forget state income taxes depending on what state the property is located or your state of residency.Best of luck!

I know conventional lending could become an issue depending on the condition of the property.

Marco and company are a legit brokerage for sure.on the build side  this depends on how much money your sending and if your sending to escrow or direct to the builder. also I am building in Ocala currently and time lines are no where near what we expected . and its almost impossible to control cost up front.so as long as your OK with flexible time lines  ( and believe me no builder wants to go long) and price of material fluctuation then you wont be frustrated .

I believe it depends on the lenders funding source.  

@David Sohn It depends on what your purchase price is.

However, the success of this approach hinges on consistent appreciation, which depends on demand.The Key Factors to ConsiderPrice Dynamics: Prices are driven by the balance between buyers and sellers.

It was I believe 3k to sign up and then the cost to set up the LLCs for me was I believe $700, that partially depends on your state.

But ultimately the responsibility lies in my hands.I jumped on a seesaw of risk hoping that the momentum would catapult my bank account into six figures only to find out the hard way that flipping houses isn’t as easy as I had predicted.This house was purchased for $64,000 with an expected rehab of $100k to $120k depending on how much work the dilapidated and neglected house needed.The midwest is lovely but the houses carry the weight of weather storms nearly a century old leading to more damage than a beginning investor could expect.The appraisal came in at $225k for my lender meaning our all-in cost would be around 85% of the sales price worst case.