BiggerPockets Money Podcast cover image

359: Finance Friday: My Home Renovation Put Me in a HELOC Hole

BiggerPockets Money Podcast

00:00

The Market Is Going to Go Crazy Next Year or It Will Be Worse Next Year

If you are considering selling and you've already owned it since October of 2021, now we're at a year and a month. You could earn some some land-lording expertise, experience in nine months and then sell it and pay no taxes on the capital gains because it is your primary residence up to $250,000. And up to 500,000 if you were to be married. So that is a lot of money to not pay taxes on. It's also depending on who you listen to, either the market is going to go nuts next year or it's going to decline further next year. Maybe it will be better and maybe it will be worse in October of next year.

Transcript
Play full episode

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app