Need Help in the Santa Clarita Valley!

[Angela Standlee]

I am new here and currently selling my home and we start a 45 day escrow today. I have not been in the home for 2-5 years and I am really worried about the capital gains tax. I also do not want to pump my money into a rental but would rather love to use the profit for an investment property. Is there anyone in the area that could help? I am in Santa Clarita California. 

[Joe Homs]

@Angela Standlee did you live in the home before you turned it into a rental?  Has it been more that 5 years?  Check out the 121 exclusion with your CPA.  If that does not work then you would need to do a 1031 exchange.  

Good Investing...