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.

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?

If that is done and is the intent of the investment, it will likely be taxed UBIT (a complicated tax for IRAs) as such a business competes with non-tax exempt/tax-deferred business operations.Finally, in my opinion, the best way to utilize a SDIRA is to make loans secured by RE (for passive investments).

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.

I worked construction last season until October, Make about 6 grand a month GROSS, now Im going back to it this summer for 6 months then I am going to work on the oil rigs in the winter months,If all goes well I will have made over 110K gross in the next year..My question is I have no credit, Can I gain enough credit in the next year and only have worked with my company for one year to obtain a mortgage?