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Yes, but you can pass those houses onto your children (and they can pass to theirs, etc.), and keep avoiding taxes until it actually sells (that's when there ac
by cronix 7y ago
Yes, but you can pass those houses onto your children (and they can pass to theirs, etc.), and keep avoiding taxes until it actually sells (that's when there actually is a gain). So, just never sell it and keep it in the family and never pay capital gains.
- human20190310 7y agoThat's a lot of capital to keep locked up in an investment that doesn't pay off until one or more generations later.
- meestaahjoshee 7y agosome people buy homes to live in, not just as an investment
- cronix 7y agoThey're bringing in a nice cash flow with tenants, and appreciating. You just put 30% down, so not much "tied up"