5 Options for Home Equity – Real Estate Taxes and Equity – BRRRR Build Your Wealth Using Your Equity





In this video we talk about the choices for utilizing your Home Equity and placing these funds to completely different use. We talk about tax implications and continuously requested questions from a CPA.

1-Sell your property-Capital Gains Tax Implications, Section 1031 Exchange and extra
2-Rent your property- Cash Flow Equation, Depreciation and extra
3-Reinvest-BRRRR Buy Rehab Rent Refinance REPEAT!
4-Live in your Property-Live there at the very least 2 years and you could qualify a achieve exclusion in the event you promote it after
5-Use the funds out of your property to pay down excessive curiosity bank cards, pupil loans, main functions, and so on.

0:00 – 0:32 -Intro
0:33 – 2:27 -Sell It
2:28 – 4:47 -Rent It
4:48 – 9:40 -BRRRR It
9:40 – 11:30 -Live In It
11:30 – 13:46 -Use It

Disclaimer:
Although I’m a CPA, all the time test with your personal accountant, lawyer, monetary advisor or different licensed skilled when making any funding determination.

This is NOT tax or authorized recommendation, the subjects introduced listed below are for leisure functions solely.

If you want a CPA centered on optimizing your tax planning contact: [email protected]

https://youtu.be/-4Mxy_vmGCc

#cpaExplains #cpa #taxplanning #smallbusiness #entrepreneur #accountant #taxes #realestateinvestor #brrrrstrategy #realestate101 #taxes2020

Real Estate