ilmscore | Prediction Details
"well now you have a almost $1.5 million gain which means you got to pay taxes on a $1.5 million now even if you have a low tax rate because investors get lower tax rates that's still a lot of money but real estate gives you another exception because now what you can do is you can take all of this money you take the 1.7 millionar and you go out and you buy a bigger property let's assume that now you buy a bigger property with multiple units this is called a 1031 exchange it's called a light kind exchange you don't get this in the stock market but you get this in real estate where you can flip your property after one year you own the property for a year you can sell it for a profit flip it into a bigger property and pay $0 in taxes today"
By Minority Mindset | June 2, 2024 | Pending
From video
Make These 3 Investments So You Don’t Have To Work Again 00:05:46 - 00:06:53
Interpreted Prediction
A 1031 exchange allows real estate investors to defer capital gains taxes by reinvesting profits into a like-kind property, enabling tax-free flipping into larger deals.

Prediction Details

Topic
1031 Exchange

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