Unlock the Secret “Hack” That Could Slash Interest Rates to 3% in 2025—Here’s How You Can Cash In Before Anyone Else Does!
Dave:
That’s not me. Some people are willing to just buy a property. The house I live in right now totally livable. It’s great. Are there renovations that need to be done? Yeah, but I can do them at my own time and expense as I see fit, and there are a lot of benefits to this model, but the main one is the tax benefits. You might be thinking to yourself, and it’s a good question. It’s like, why wouldn’t I just live in one house or rent a house and then flip another house? Well, the tax code is super advantageous for the live and flip because in the tax code it says that if you live in a property for two out of the last five years, so you just need to live in property for two years basically and then sell it within the next three. If you do that, you can get all of those gains from your flip tax free, no taxes.
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