NO Income Tax from BRR Strategy?
https://www.biggerpockets.com/renewsblog/2015/04/2...
I would like to use an example where the refi actually nets money. For instance, buy a property for 30K, fix up for 20k, refi at 70K (assuming 100K ARV). In this example, one nets 20K. Since the property has not been sold yet, that income is not taxed, correct?