Additionally, there's a fixed self-employment tax.Income Tax: 22% * $70K = $15.4KSelf-Employment Tax: 15.3% * $20K = $3.06KTotal Tax Due: $18.46KRemember to account for any state taxes as well.To defer taxes entirely, you could utilize a 1031 exchange, which allows you to reinvest the proceeds from the sale into a similar investment property, thus deferring the tax payment until a later date.Example #2: Long-Term Capital GainsNow, consider a scenario where you hold onto the property for over a year.Project Details:Property Cost: $70KRenovation Costs: $50KResale Price: $200KProfit: $80K ($200K – $50K – $70K)Since self-employment tax doesn't apply, you only need to calculate the long-term capital gains tax.

Attending the mastermind also gives you access to her MultiFi community where you get access to the course, ongoing zooms and support, and the zoom vault with past trainings.

Do you any equity built up on your current holdings @Heather Carrow?

Investment Info:Single-family residence buy & hold investment.

. $70k for a duplex rehab is a hefty price in this area, sure hope you have the ARV to support that. 

or do you prefer to utilize your cash differently to grow your property holdings.

Investment Info:Small multi-family (2-4 units) buy & hold investment in St Augustine.

Will we start seeing more inventory hit the market soon, or do you feel that most Owners will hold & wait to see how this all shakes out?

Investment Info:Condo buy & hold investment.

And will these prices hold?