I know someone that buys a house that needs work - fixes it up (pays someone to do it) - lives in it for 2 years - then sells it for a nice profit and repeats the process with another house - from what he told me if he keeps it for 2 years then he doesn't have to pay any taxes on the profit he made.

Of course one needs to know what they're doing in terms of being able to buy the house at an attractive enough price to make a decent profi in the end but he's done well with it - it just takes some time and effort to find the particular properties and have decent knowledge of the housing market.

Estafador

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5 years ago

@having I think he has it EXTREMELY easy because he lives in the middle of bumblefuck. Plus he seems more focused on his laundromat than real estate videos.

@jb69 I'd recommend watching this guy if you haven't already: https://www.youtube.com/user/BiggerPocke…

There's others, but his channel is the most direct on what to do

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