You will get to depreciate the property and then sell the property later for a capital gain.

A great advantage of flipping your homestead is that if you live there for 2 years, you won't pay taxes on your capital gains upto $250K or $500K if you're married.

This looked like a right category for it...I have to get this out of my system…I am a married woman (27) with two young children (6 and 2).I like all this real estate industry, starting from interior and landscape design finishing with rehabbing...Couple years ago we had extremely bad job transition (my husband retired from US Army, and it turned out that many years of management experience are not valuable to anyone, so he had tough time finding a job.

Mine has been unbelievably valuable -- He just simplifies everything and I'm able to "practice" and record / learn everythng we're doing and learn the ins and outs and "whys" of various parts fo the contracts, etc. with each situation.

There is a wealth of information that you can gain from these meetings...not to mention the networking opportunities.

He tore a hole through the ceiling and gained entrance into the house.

i'm trying to determine if there is way to sell a flip property without incurring short term capital gains. other than land trust or lease option, are there any ideas out there to be creative.jim

However, will they avoid paying capital gains if they buy a property acouple of months after the sale of there current investment?

However, will they avoid paying capital gains if they buy a property acouple of months after the sale of there current investment?

And this money is not taxable, and you can also later do a 1031 tax deferred exchange and eliminate your capital gains on that specific property.Also, this effect is compounded if you want to take you new equity and cash out refinance and use that as a down payment on a new property, and simply keep that cycle going.