07-02-2019, 12:53 PM
The key to real estate is to never (or nearly never) sell. The hardest time is the first few years of ownership.
When the property gets converted to income property you can then 1031 exchange it for another (hopefully larger) property w/o any taxes.
https://money.usnews.com/money/blogs/the...l-property
https://www.realwealthnetwork.com/learn/...finitions/
When the property gets converted to income property you can then 1031 exchange it for another (hopefully larger) property w/o any taxes.
https://money.usnews.com/money/blogs/the...l-property
https://www.realwealthnetwork.com/learn/...finitions/