Hi Dario, were you thinking of using Conv/DSCR to purchase 4+ multifamily?

However, I have to purchase a new home, which would require either selling the property or using a HELOC.

@Mitch Davidson congrats on the purchase, it's been slim pickings around here for a while. 

Can we use our current investment propeties or purchase another investment property purchase to at least slightly offset the tax hit?  

I am already doing the marketing (placed bandit signs, launching FB ad next week, selected   databases to purchase the list of properties that fall under high equity, vacant and other criteria, to be skip traced and cold called  and etc.). 

Are you talking about your purchase of another property in this statement or did you accept a 2nd offer to sell on the same house and mistaken say seller instead of buyer???

If purchased with financing and the security interest represented by the UCC was timely perfected, I would have a completely different opinion.

Purchase price: $45,000 Cash invested: $12,000 Sale price: $124,000 Old single family home I flipped with some structural repairs, sanding and refinishing original hardwoods, new kitchen, light bathroom update, paint inside and out, and other cosmetic touches

It's one of the larger cities in Arkansas and is home to Arkansas State University. 

How would my purchase for the property affect that property tax?