Selling homes in the Bay Area, California and Philippines
Esperanza Agbayani

Gained $2 Million in Equity – Maximizing the Advantage of the $500K Capital Gains Tax for Married Homeowners

Mr. and Mrs. Dana hired me as their Realtor several times to buy and sell properties in El Dorado Hills and Folsom. Since 2001 when Intel moved them from New Mexico to El Dorado Hills, they owned and rented 5 single family homes.
Over 16 years, they rented and occupied properties between 4 years to 6 years and used the Capital Gains Tax exclusion. They were able to save on taxes on each and every property they rented and occupied. Leveraging on 1031 Exchange is one of the best ways of growing your equity. By deferring capital gains tax, you get to grow your real estate assets until it is time for retirement.
Presently, they are looking for a fixer-upper, a single level home they plan to fix and upgrade. This will be their retirement home and sell their present 5 bedroom home they lived on for 3 years.
Mr. and Mrs. Dana has accumulated over $2 Million equity buying, renting and selling at the right time which made them enough retirement savings, tax-free!
Find out more how this process works to your advantage

Leave a Reply

Your email address will not be published. Required fields are marked *