Investor · La Fayette, GA · Member since 2016 · 2 posts · 0 votes
Hi all,
I have been working in a deal where I am going to acquire 3 rental properties. I am very confident I can sale one of these properties and pay off the other two. Through reading I have gathered that you can avoid capital gains tax if you reinvest profits on more properties. My question is can I use the profits to pay off the other two loans and avoid the tax?
Thank you,
@Addison Fields the strategy you're referring to will require you to hold a property for at least two years to avoid the 15% capital gains tax, this strategy will not work for what you've described