Education is expensive and paying the dumb tax as quickly as possible is the fastest way to propel growth. 

Total up all of the saved property taxes plus the saved transaction costs plus personal disruption avoided value plus $500k and compare that number to what your friends paid -- and that assumes they paid long-term capital gains tax as you will. 1031 exchanges just postpone the pain.

As soon as you rent it out you’re paying the same tax as an investment property.

Money has to come from somewhere so where will it come from.issue will be if they increase sales tax it will be regressive tax as those who rent and don't own and have low wages will still pay more for everything.

This approach can help you scale your portfolio while minimizing taxes.Key Tax Considerations:Tax-Free Profits – Each sale qualifies for capital gains exclusion if you meet the 2-year rule.Watch for Depreciation Recapture – If you rent it out before selling, any depreciation you claimed will be taxed at a maximum of 25% for Section 1250 property.Choose Properties Wisely – Focus on homes where renovations bring real value—avoid over-improving beyond the neighborhood.1031 Exchange Option – If you decide to hold a property instead of selling, a 1031 exchange can defer capital gains taxes.California Taxes Still Apply – Unlike federal law, California may still tax a portion of your gains.Potential Risks:Market Fluctuations – You may need to hold longer if the market shifts.Renovation Costs in LA – Budget carefully, as construction expenses can be high.

I've met some very highly specialized experts in low income tax credits, corporate accounting and tax, as well as tax resolution. 

I am in California and completing my taxes on Turbo Tax (as I do annually).

The best combination in my opinion to have your real estate agent income in an S corp to reduce personal income tax (as long as it financially makes sense) and then buy real estate and cos segregate it and take bonus depreciation to offset against your income. 

Considering that my parents and I are not Canadian citizens it adds an additional wrinkle to things as they or I are not able to claim this as the primary residence and avoid the capitol gains tax... a lot to consider and think about.

Taxas normalmente altas, mas ainda metade do que estava sendo cobrado pelos investidores.