Purchase price: $309,000 Cash invested: $72,000 Sale price: $570,000 This was more of a roll over than a "flip" as it was my primary residence as I was remodeling.

Purchase price: $309,000 Cash invested: $72,000 Sale price: $570,000 This was more of a roll over than a "flip" as it was my primary residence as I was remodeling.

Does the credit roll over?

We will only be in the area for two years with my wife's program so I'm not looking for a long term buy and hold.Disclaimer, breaking up a farm goes against my upbringing and my grandfather would probably roll over in his grave.

You may avoid the taxes if you deposit the funds in an eligible retirement plan (which includes anIRA) within "3 years and a day" of the date of the COVID-19 distribution (note: compare to a 60-day rollover).

Who here used the ROBS approach to create a c-corp and capitalize with IRA funds for the down payment on a first big acquisition ever? I’m interested in hearing perspectives.

Plus the 400,000 rollover, I would need a loan for $800,000.

I am thinking about getting into buying and holding rentals, and possibly syndications that will mature in 5 years or that I can roll over using a 1031 exchange. 

So there is hope.....Question regarding financing, does anyone have any experience or thoughts on using a ROBS (rollover for start up financing) over traditional financing?

My only other question at this point, is do I only need to roll over the amount of money I have made from the sale of the property into another property to avoid the tax implications. i.e. say I net $200,000 from the sale of the rental house but i put $100,000K down payment into it and $10,000 in repairs while it was a rental as well as $5000 in closing costs.