Video by hannahbhammond
Hannah Hammond · 123 words · 1 min read · EN
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The safest and most conservative way to build wealth through real estate is to buy a property, renovate it, which is adding value, live in it for two years, and then rent it out where the tenant will pay your mortgage and then buy another property and do the same. As long as you live in
the property for two out of the last five years, when you go to sell it, you do not have to pay capital gains taxes on up to $250,000 of profits if you're single or $500,000 of profits if you're married. This is the exact strategy that I use to build up my portfolio of real estate and not pay
any taxes on any of my profits.
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