What Are Some Tax Implications of Real Estate Flipping?

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In this uncertain and volatile real estate market, some people with available cash purchase relatively undervalued properties, make some improvements and wait to sell them at a profit. Despite the pros and cons of such real estate investment strategy, such investors should be wary of some of the most immediate tax implications of such practice.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Doron Eghbali, Law Advocate Group, LLP | Attorney Advertising

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