How To Legally Avoid Capital Gains Tax 💵📈

[sunnydylan]

Or you have to actually live in the property for 2 years to not pay capital gains.

[Hari_c_golf]

If you also have lived in the property for 2 out of 5 years and profited 250k or less it’s exempt from taxes. 500k profit is exempt if you’re filing as married

[sallygimon]

1031 Exchange must keep being done or you will have to pay the Capital Gains

[randomshortshq]

Soo how to survive the government is all I’m hearing.

[realestateinvestordiyer]

The amount that can get from a heloc is average about the same that you will get if you sell a property. usually they lend 70% loan to value on the house and when you sell you usually pay 30% capital gains tax however you do get to keep the house and it keep cash flowing if you do a Heloc. That's about the only perk.

[crimsonblack]

When I get my hands on some HELOC's, I'm going to use them to buy assets!

[jackstoltz]

... you still have to pay the bank back with interest every month lol

[katrinat]

Is HELOC even a good idea with the rising rates ?

[benjamindavis]

You’re basically putting it off right? Even if trade up for more cash flow, when you eventually sell don’t you have to pay all the taxes from the exchanges?

[BlackPhillip]

if you live in one of the units, in your multi-family rental apartment building. will you have to pay capital gains tax on it when you sell it? or will you not be obliged to pay CG tax on it because it is your principal residence.