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re: What % of your investment assets = hard assets (ex, Real Estate)
Posted on 8/12/13 at 11:35 am to beaverfever
Posted on 8/12/13 at 11:35 am to beaverfever
quote:
The profit from selling a hud house is tax free?
Any house that is was your primary residence for two years is not taxed on gains, within limits.
With HUD you have to live in it for one year before you can rent or sell, if you but it as an owner occupant.
I bought a duplex from HUD as an investor after the intro period was up for owner occupants. I am not allowed to flip it or do a cash out refinance for 90 days.
I'm at about 75% real property.
This post was edited on 8/12/13 at 11:38 am
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