In this episode I talk about the 121 exclusion which a partner of mine told me about that I didn’t know about in addition to the well known 1031 exchange. If you live in the unit and decide to sell it after 2 years but in less than 5 years, the 121 exclusion allows you to not pay on the capital gains accumulated if it’s less than 250K I’m gains...fascinating. I also cover my he importance of knowing the tools you can used during the (1) ACQUIRING phase (FHA, conventional, 203K, conventional rehab loans, VA, etc.) (2) HOLDING phase advantages, tax breaks and (3) EXIT STARTEGY incentives (1031, 121 exclusion, etc) if you know more give us a shout and comment - we are leveraging, building and learning everyday!
