I have a client that did a conventional construction refi and it took him 7-8 months due to the city permits and all.

Would I pay capital gains on it since I haven't lived in home last 2 of 5 years?

We are past the option period now and on our way to moving to our new property!

Most investors who take this route are not short-term investors and do not enter the investment with a timeline for sale. 

Purchase price: $50,000 Sale price: $185,000 Single family residence we got from a distressed seller.

Purchase price: $19,087 Cash invested: $1,250 Sale price: $27,000 Contributors: Peter Vekselman Partner Driven and Chad Wolfe & Jerry Scott secured this Anderson, Indiana property for $19,087, investing just $1,250 in minor improvements.

Owner sat on the offer for a week or so and then I got a call that they accepted. 

Due to them being in two primary locations the price was economical including the site visit. 

It’s the same as when you were in car sales: People want to feel like you’re listening to them.

There are several things that come into play with determining if a property sale is capital gains or ordinary income.