That could help manage tax liabilities while keeping the property in the family.

But here are ways to reduce capital gains taxes:Deduct expenses (renovation, selling costs) in 2024 to offset gains.Hold for 1+ year to qualify for lower long-term capital gains tax rates.Invest in a Qualified Opportunity Fund (QOF) to defer taxes.Use tax-loss harvesting to offset gains with investment losses.Pushing 2024 deductions to 2025 won’t help much with 2024 capital gains.

Easier to ScaleWith less reliance on deep-discount deals and cash buyers, I can scale novations faster than traditional wholesaling.Final ThoughtsI’m not saying wholesaling is dead, but novations have helped me close deals I would’ve lost before.

Im here to help and continue to assist.

Get out and meet some other investors at meetups and that will help you curate what some of those ideas would be like in real life, with the input of others who have done it.

Thank you in advance for any help,Johanna  Hi Jeff, Im considering them to do some PM'ing.

I’d be happy to help or lend expertise where I can.

Thanks in advance for your help!

@donyea @Donyea Jenkins Im happy to help if you need an agent or if you just have a question about a property.

Hope this helps!