I remenber reading in the WSJ recently that if you bought a house in '69 for $30,000 and sold it today for $300,000 you would have gained nothing when adjusted for inflation.

Is there anything we can do with the proceeds we receive from the sale to defer the capital gains taxes OTHER than a 1031 Exchange??

I would also warn against a 1031 exchange and was wondering, why not live in one unit while you rent out the other units after conversion, then once 2 years is up, sell the unit you have been living in tax free up to 250k if you're single and then either move to the other units or even if you sell them at least you can tax advantage of capital gains since you've held them for more than 1 year.

Property taxes and upkeep costs cower in relation to possible gains, even if just looking to flip.

On similar lines, to post in our dealmaking section, you also need a minimum number of posts.This ensures that our users are at least somewhat familiar with you, and it also ensures that you contribute to the community before making any "personal gains" from the site.I hope you can understand our policies (clearly stated in our forum rules) and ask that you abide by them in the future.Thank you.

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.

Originally posted by "charles whitaker":Like Mike said, wholesaling to gain quick capital is quite safe compared to other methods.

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.