Capital Gains tax
Selling an investment property, that I purchased for little to nothing and selling for over a huge profit, after renting for 5 years... what is the best way to avoid huge capital gains tax. Do I have to buy another property with the entire amount that I make? Any advise would be appreciated. I was intending on buying a couple of single family houses, but would it make sense to purchase a multifamily building that is more expensive?