Unlock the secret to tax-free property upgrades with our video '1031...
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Day number two, the second way to save money on your taxes, in real estate. The 1031 Exchange, no tax when you sell. You sell a finished house for a profit? The tax advantage, normally the profit is taxable as capital gain. But if you reinvest in another like-kind investment property... Whether that’s land, another rental, etc. You defer the taxes completely until 1031 Exchange. The results. You roll all your profits until the next project tax-free. For now. Stay tuned tomorrow for number three.
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