Equity Partnerships for Flips

[Todd Sullivan]

Question:

In the scenario of equity partnerships, one person finds the deal and does the work while the other partner is the finances, my question is avoiding capital gains. If you renovate the house and sell it you, you incur capital gains, but if you hold the property for 2 years you avoid those taxes.

Is there a world where the financial partner waits for their cut after the 2 years to get more money in the end, or do they always want out immediately? Fo example renovate the property, put a Tennant in place for 2 years or so, then sell the property and split the profits among the partners.

Please give me insight into this scenario. Is this an option?