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Thinking about buying a property to develop and sell for a profit? (That is, "flipping")?

All of us have watched HGTV shows about people doing property flipping.  Is this something you have considered?  Here are a few things to think about! 1.  You might pay capital gains tax on your flip property.  Always involve your accountant (get one if you don't have one now - your Real Estate agent can make recommendations) from the outset.  Living in the place for a while ...
Tags: "Flipping"
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