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Updated over 6 years ago on . Most recent reply presented by

User Stats

96
Posts
7
Votes
Michael Elfant
  • Developer
  • Hoboken, NJ
7
Votes |
96
Posts

Capital gains tax exemption

Michael Elfant
  • Developer
  • Hoboken, NJ
Posted

Hi Guys,

Do you think it is wise to take advantage of the capital gains tax exemption if you have significant gains in your home at this current part of the cycle?  

Purchase price: 438,000

Year Purchased: 2013

Rehab: 25,000

Current Mkt Value: 700,000

The proceeds would be used to fund more buy and holds and potentially some operating capital for flips, etc.. 

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