Investors must know the difference between a primary residence and a second residence or an income property with regards to property rules and tax implications. It is highly recommended that you talk with your realtor and tax advisor before purchasing or selling an income property or second home.

If you already own an income property and are thinking of selling your income property please view the link below to view some basic information on a 1031 tax deferred exchanges.

https://www.firstexchange.com/learn-about-1031

Contact Rene at 408-410-6645 for a free phone consultation to run your idea on income property sales and purhcases to get some free advice