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In this episode, I explain how the Section 121 exclusion can help you build massive tax-free wealth through a "live-in flip" strategy. I break down the specific 10-year tax extension available to service members, allowing you to sell your home and keep up to $500,000 in profit without paying a dime to the IRS. Whether you are looking to house hack a fourplex or renovate a fixer-upper, this is the most powerful wealth-building tool available to the military community.
(00:00) - Intro
(01:06) - Section 121 vs. the 1031 exchange
(02:07) - The "2 out of 5 years" residency rule
(02:54) - The powerful 10-year extension for service members
(03:49) - Case study: Saving $60,000 in taxes on a San Diego home
(06:29) - Strategies for "live-in flipping" with a VA loan
(07:09) - Combining house hacking with tax-free gains
(08:50) - Why tax-free cash beats deferred taxes
(09:33) - Join the War Room Mastermind for deep-dive tax training
On the Military Millionaire Podcast, I share real conversations with service members, veterans, and their families. Each week, we explore how to build wealth through personal finance, entrepreneurship, and real estate investing.
Download a free copy of my book: https://www.frommilitarytomillionaire.com/free-book
Sign up for free webinar trainings: https://www.frommilitarytomillionaire.com/register
Join our investor list: https://www.frommilitarytomillionaire.com/investors
Apply for The War Room Mastermind: https://www.frommilitarytomillionaire.com/mastermind-application
Get an intro to recommended VA agents/lenders: https://www.frommilitarytomillionaire.com/va-realtor
Guide to raising capital: https://www.frommilitarytomillionaire.com/capital-raising-guide
Facebook Group: https://www.facebook.com/groups/militarymillionaire
YouTube Channel: https://www.youtube.com/@Frommilitarytomillionaire?sub_confirmation=1
Instagram: https://www.instagram.com/frommilitarytomillionaire/
LinkedIn: https://www.linkedin.com/in/david-pere/
X (Twitter): https://x.com/militaryrei
TikTok: https://www.tiktok.com/@militarymillionaire
By David Pere4.9
143143 ratings
In this episode, I explain how the Section 121 exclusion can help you build massive tax-free wealth through a "live-in flip" strategy. I break down the specific 10-year tax extension available to service members, allowing you to sell your home and keep up to $500,000 in profit without paying a dime to the IRS. Whether you are looking to house hack a fourplex or renovate a fixer-upper, this is the most powerful wealth-building tool available to the military community.
(00:00) - Intro
(01:06) - Section 121 vs. the 1031 exchange
(02:07) - The "2 out of 5 years" residency rule
(02:54) - The powerful 10-year extension for service members
(03:49) - Case study: Saving $60,000 in taxes on a San Diego home
(06:29) - Strategies for "live-in flipping" with a VA loan
(07:09) - Combining house hacking with tax-free gains
(08:50) - Why tax-free cash beats deferred taxes
(09:33) - Join the War Room Mastermind for deep-dive tax training
On the Military Millionaire Podcast, I share real conversations with service members, veterans, and their families. Each week, we explore how to build wealth through personal finance, entrepreneurship, and real estate investing.
Download a free copy of my book: https://www.frommilitarytomillionaire.com/free-book
Sign up for free webinar trainings: https://www.frommilitarytomillionaire.com/register
Join our investor list: https://www.frommilitarytomillionaire.com/investors
Apply for The War Room Mastermind: https://www.frommilitarytomillionaire.com/mastermind-application
Get an intro to recommended VA agents/lenders: https://www.frommilitarytomillionaire.com/va-realtor
Guide to raising capital: https://www.frommilitarytomillionaire.com/capital-raising-guide
Facebook Group: https://www.facebook.com/groups/militarymillionaire
YouTube Channel: https://www.youtube.com/@Frommilitarytomillionaire?sub_confirmation=1
Instagram: https://www.instagram.com/frommilitarytomillionaire/
LinkedIn: https://www.linkedin.com/in/david-pere/
X (Twitter): https://x.com/militaryrei
TikTok: https://www.tiktok.com/@militarymillionaire

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