How to Build Equity in a Construction Zone

You have to just live in it as your primary residence, two of the past five years. depreciation recapture is not excluded. So you'd have a $300,000 capital gain if you lived in it for two years and then sold it three years later. You're still going to payreciation tax when you sell that property. It's an awesome strategy because you put it down, payment down, you buy, and especially over the past eight years or so as the markets really run up in value.

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